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.
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.
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