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Ex-SAC Manager Jason Karp Joins SPAC Rush With Wellness Deal

  • Tourbillon founder sees demand for healthy lifestyle stocks
  • Partnership with VC firm Cavu is anything but a ‘side hustle’
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WATCH: Jason Karp speaks with Bloomberg’s Erik Schatzker.(Source: Bloomberg)
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Two years ago, Jason Karp exited the hedge fund industry after deciding it was based on a broken model. He’s found a structure he likes better: the SPAC.

HumanCo Acquisition Corp., the blank-check company Karp formed with Cavu Venture Partners, raised $250 million in a stock sale on Tuesday. Now begins the search for a closely held business in the health and wellness industry they can take public via a reverse merger.