10 Best SPACs to Buy According to Herb Wagner's FinePoint Capital
In this article, we discuss the 10 best SPACs to buy according to Herb Wagner's FinePoint Capital based on Q2 holdings of the fund.
Finepoint Capital, founded in March 2013 by Herb Wagner, a former executive at Baupost Group, is a Massachusetts-based global multi-strategy hedge fund management firm. The firm utilizes an opportunistic, deep-value investment strategy paired with a rigorous, fundamental approach to identify and assess value in the market.
Herbert Schwind Wagner is the founder, Managing Partner, and Chief Executive Officer of Finepoint Capital LP, established in 2013. Prior to founding Finepoint Capital, he held the position of Managing Director at The Baupost Group LLC. Herbert Wagner and his wife, Charlotte, channel their philanthropic efforts through the Wagner Family Foundation. Their charitable endeavors are centered in the Boston area, with a significant emphasis on supporting education, youth organizations, and enriching arts and culture. Additionally, they contribute to health initiatives locally and engage in global philanthropy. The foundation operates on an invitation-only basis and does not accept unsolicited proposals.
Finepoint Capital operates as a hedge fund managing discretionary assets totaling $4,018,863,744, as reported in their Form ADV dated March 2024. The firm serves 2 clients and reported $389,941,818 in managed 13F securities for Q1 2024, with a significant top 10 holdings concentration of 76.67%. Notably, Finepoint Capital's largest holding is Liberty Broadband Corp Class C, with 1,886,260 shares held.
