Business
A stock market that sometimes seems bulletproof in the face of adversity can make it challenging for hedge funds looking for companies to sell short in anticipation of share-price declines. Ben Axler of the activist fund Spruce Point Capital Management discusses where he’s looking for opportunities, including in special-purpose acquisition companies. Mentioned in this podcast: Blistering IPO Market Is Rekindling Dot-Com Era Froth Fears The Tiny Activist Fund That Reaped 24% Return by Unearthing ‘Cockroaches’