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SPACs Are Bonds, Actually | Louis Camhi
Forward Guidance
The Asymmetric Skew in SPAC Arb
The name of the game in SPAC Arb is, how do I find opportunities with upside risk without changing my downside parameters? And so you look at something like Columbia that has it's trading out about trust value. If it gets that retail following, then it trades well before the deal vote, you make money. If it doesn't, you sell it current or redeem, you don't lose money. It's just really interesting that you get this kind of asymmetric skew.
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