SPAC investing advice: Ex-Barings CEO Tom Finke shares 3 characteristics investors should look for in an ideal blank-check company

• Tom Finke is the former CEO of the $345 billion asset manager Barings and a board member of Invesco.
• Finke and his partner raised $115 million via their SPAC Adara Acquisition Corp. (ADRA) this week. 
• Finke breaks down why he is jumping on the SPAC bandwagon and shares what to look for in SPACs.

The red-hot SPAC market broke a new record this week as 133 special-purpose acquisition companies raised around $40 billion this year through Wednesday. It took until October to reach the same number of SPACS last year. 

Tom Finke’s Adara Acquisition Corp. (ADRA), which made its debut on Tueday, was among the new “blank-check companies.”

While Finke’s name might not be as familiar as recent SPAC entrants such as Colin Kaepernick or Shaquille O’Neal, he is a financial force of his own – having served as the CEOs of two asset managers and famously led the 2016 merger of Babson Capital, Barings Asset Management, and two other MassMutual Life subsidiaries to create Barings, a $345 billion money manager.