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Sightline Manager Conversations: SPACs with HGC Investment Management Inc.

 

For this episode of our Sightline Manager Conversations Part II series, Sightline Wealth Management’s Warren Gerow speaks with Sean Kallir, CEO and CIO of HGC Investment Management Inc., an alternative asset management firm that specializes in the North American small and mid-cap market. During their conversation, Kallir explains to Gerow how the HGC Fund seeks to provide a low volatility return profile and superior risk-adjusted returns by investing in Special Purpose Acquisition Companies (SPACs).

Specifically, Gerow and Kallir discuss:

  • Current AUM, ratio between retail and institutional investors and team structure
  • Impacts of COVID-19’s market pullback in March 2020 on the fund
  • Why SPACs have become the fund’s primary focus
  • The SEC’s new guidance on SPAC warrants and what it may mean for investors
  • The number of SPACs in the fund and their largest exposure
  • Previous pushbacks on the fund’s allocations
  • Sectors that dominate the SPAC space and the reasons why
  • Which sectors SPAC sponsors may pivot towards in the future
  • Whether or not inflation will impact the SPAC structure
  • Why the press may be wrong about “the death of the SPAC market”

You can listen to Gerow and Kallir’s entire conversation here. As always, please do not hesitate to contact us at (416) 945-6228 with any questions.

 

 

Important Information: 

Warren Gerow is an independent investment wealth consultant at Sightline Wealth Management. 

Sightline Wealth Management LP (“Sightline”) is an investment dealer and is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). Sightline provides management and investment advisory services to high-net-worth individuals and institutional investors primarily through fee-based accounts. 

Sightline Wealth Management LP is a wholly owned subsidiary of Ninepoint Financial Group Inc. (“NFG Inc.”). NFG Inc. is also the parent company of Ninepoint Partners LP, it is an investment fund manager and advisor and exempt market dealer. By virtue of the same parent company, Sightline is affiliated with Ninepoint Partners LP. Information and/or materials contained herein is for information purposes only and does not constitute an offer to sell or solicitation to purchase securities of any issuer or any portfolio managed by Sightline Wealth Management or Ninepoint Partners, including Ninepoint managed funds. 

Sightline Wealth Management (“Sightline”) makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, Sightline assumes no responsibility for any losses or damages, whether direct or indirect, which arise out of the use of this information. Sightline is not under any obligation to update or keep current the information contained herein. The information should not be regarded by recipients as a substitute for the exercise of their own judgment. Past performance is not indicative of future performance. Please speak to your Advisor regarding the suitability of information provided in this article for you. The opinions, estimates, projections and/or recommendations contained in this document are those of the author as of the date hereof.

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