Reuters reveals Goldman Sachs offers new way for investors to bet on SPACs

Reuters broke the news that Goldman Sachs Group Inc has come up with a new offering that allows investors to bet on special purpose acquisition companies (SPACs), its latest attempt to capitalize on the dealmaking trend. Reuters sources said the bank makes money by providing investors financing to participate in the product and by keeping some of the returns on the SPAC stocks for itself, depending on how well they perform.