The Wall Street Journal: Elliott Management considering creating a SPAC

United States

Elliott Management Corp., the hedge fund best known for its high-profile shareholder-activist campaigns, is looking to join the sizzling SPAC craze.

The firm, founded by billionaire Paul Singer, has been meeting with bankers about raising more than $ 1 billion for a special purpose-acquisition company, according to people familiar with the matter. They cautioned the process is at an early stage and plans could change.