RLH Capital LLC

Thesis

Their primary investment strategy is SPAC arbitrage, utilizing U.S. Treasury arbitrage to achieve higher yields within an equity wrapper, aiming for returns uncorrelated with traditional markets. They also engage in non-redemption agreements and structured financings for SPAC sponsors and target companies, positioning themselves as a capital provider across the SPAC lifecycle with a strong emphasis on risk management. The firm invests in common stock, options, SPACs, and warrants, employing arbitrage, fixed income alternatives, and market-neutral approaches. While their geographic scope is global, their core focus remains the SPAC market. As of April 29, 2026, their portfolio value was reported at $196,805,692 USD, with additional undisclosed cash. They manage two hedge funds: RLH Series Fund - Special Opportunities I Series and RLH Spac Fund.