Episode 11 - Charlie Carnegie, Context Capital - SPACtacular

Charlie Carnegie, Portfolio Manager, Context. While Context is known as a convertible arbitrage manager, they've been investing in SPACs for over 15 years.

Charlie explains Special Purpose Acquisition Corporations (SPACs). We get into the structure of the vehicle and how they work for investors. Charlie explains why SPAC investors are like savvy New York nightclub VIP's avoiding the lines out front and accessing the party through the backdoor. After many years in the underbelly of Wall Street, Charlie offers up thoughts on why SPACs are finally gaining broad popularity. We talk about how SPACs serve as a hack for growth companies going public while avoiding the broken, highly regulated IPO market. Finally, Charlie offers up his thoughts on whether SPACs are here to stay.

This podcast was recorded on March 24th, 2021. The respective opinions expressed are those of Mr. Carnegie and the Biltmore Family Office, LLC investment team. The opinions referenced are as of the date of this podcast and are subject to change without notice. This material is for informational use only and should not be considered investment advice. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector. Forward-looking statements are not guaranteed. BFO reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate. The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives. Before investing, an investor should consider his or her investment goals and risk comfort levels and consult with his or her investment adviser and tax professional.

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