From Hedge Funds to SPAC Investing
In this episode of The SPAC Podcast, we sit down with Louis Camhi, who shares the unexpected path that led him from covering fintech at major hedge funds to becoming a focused SPAC investor and fund manager. His story starts in 2014, when a call from a friend working on a SPAC deal sparked his curiosity. What followed was a deep dive into SPAC structures from units and warrants to downside protection and ultimately, a shift in his career trajectory.
Louis recounts his time at Three Corner Global and Citadel, including a pivotal “aha moment” during a crowded investor meeting in New York. That experience pushed him to rethink his role in the traditional hedge fund world and launch a fund of his own one where SPACs and less crowded opportunities could be pursued with more intention. His perspective offers a rare glimpse into how institutional professionals find and create opportunities in niche areas like SPACs.
Connect with the Guest:
Louis Camhi – SPAC Investor & Fund Manager
LinkedIn: https://www.linkedin.com/in/louis-camhi-aa3464b/
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https://www.thespacpodcast.com/guests/louis-camhi/
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Michael Blankenship LinkedIn:
https://www.linkedin.com/in/mikeblankenship/
Joshua Wilson LinkedIn:
https://www.linkedin.com/in/joshuabrucewilson/
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The views, opinions, and statements expressed by the guest are solely their own and do not necessarily reflect the views of The SPAC Podcast, its hosts, or affiliated organizations. This content is for informational purposes only and should not be construed as investment, legal, tax, or accounting advice.
Disclaimer:
Michael J. Blankenship is a licensed attorney and is a partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is intended for informational and educational purposes only and should not be interpreted as legal, financial, or compliance advice. The views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the official policies or positions of any regulatory agency, law firm, employer, or organization.
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Let’s Connect on LinkedIn:
👉 Michael J. Blankenship - https://www.linkedin.com/in/mikeblankenship/
👉 Joshua Bruce Wilson - https://www.linkedin.com/in/joshuabrucewilson/
To Contact Us or Collaborate:
Michael Blankenship:
So how does somebody like you a banker, a hedge fund professional, get involved with SPACs?
Louis Camhi:
At the time I was working at Three Corner Global, back in 2014 or 2015, when a friend of mine at a SPAC called me up. He said, “We just announced this deal—I think it’s interesting, I’m not sure what I’m allowed to tell you, but you should look at it.” I did, and I agreed the deal was really interesting. But it was my first exposure to SPACs: units, common stock, warrants, downside protection it was all new and fascinating.
The fund I was at ended up investing in that transaction, and SPACs ended up under my purview. When I later moved to Citadel in 2018, the SPAC boom hadn’t hit yet. SPACs were considered niche, and since I was on a fundamental team, I couldn’t trade them professionally but I could in my personal account. Since many SPACs were targeting FinTech, and I was already covering FinTech, I started seeing them everywhere at the same conferences, in my research.
Then I had a moment. I was at a meeting at the St. Regis Hotel covering a payments company. It was so crowded I didn’t even have line of sight to the management team I was around the corner in the bedroom. I thought: This is a crazy way to make a living why not hunt where there are fewer hunters?
That led to me leaving Citadel, serving my non-compete, and launching my own fund focused on opportunities like SPACs. And here I am.
Louis Camhi
Chief Investment Officer
Louis Camhi is CIO of RLH Capital, LLC where he is responsible for oversight of all investment management and operational functions on a day-to-day basis. Mr. Camhi previously worked at Citadel as an Analyst, managing a $500 million equity long/short portfolio. Prior to Citadel, Mr. Camhi was a Senior Analyst at Three Corner Global LP, a fundamental long/short equity hedge fund manager. Mr. Camhi started his career at Credit Suisse where he worked as an analyst and was promoted to associate in the Mergers and Acquisitions group. Mr. Camhi received his Bachelor of Science in Finance and Accounting from the Leonard N. Stern School of Business at New York University in 2009.