We've noted that special purposes acquisition companies have been all the rage recently. Wall Street firms have gotten over their queasiness about such companies and are taking them public in droves. Bulldog Investors, a Saddle Brook, N.J.-based hedge fund, sees an opportunity. FINalternatives reports it will launch the Absolute Plus Fund, which will invest in SPACs, or blank-check companies. To goose demand, it will charge a management fee of just 75 basis points and only a 15 percent incentive fee above a hurdle of three-month Treasury bills to its existing customers. The fund is betting it can identify the managers who in turn can identify the companies that will make the SPAC really zoom. We'll see. In a tougher deal environment, this may not be a snap. Many face rising pressure to ink deals.  

For more:
- here's the FINalternatives article