Summary List Placement

• Dan Loeb underscored the value of SPACs in his recent investor letter.
• The Third Point chief’s winning bets last quarter included Upstart and SentinelOne.
• Loeb expects a near-term economic boom, but predicted a surge in bad debts.
• See more stories on Insider’s business page.

Billionaire investor Dan Loeb praised special-purpose acquisition companies (SPACs), touted his lucrative bets on private companies, and delivered a bullish market outlook in his latest letter to investors.

The Third Point chief highlighted the record number and size of SPAC announcements in the first quarter of this year. He welcomed the recent correction in details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com