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’

Listen Now: Beak Capitalism from Odd Lots
00:59

Elon, Inc: Elon Musk Bingo on Tesla’s Earnings Call
27:39

Introducing: Bloomberg News Now
00:51