Palmer Square Teams With Montage, Atlantic To Seed Hedge Fund Manager Cypress

Feb 28 2011 | 8:04am ET

Palmer Square Capital Management, Atlantic Asset Management and Montage Asset Management have seeded Cypress Capital Management, a San Francisco based hedge fund manager, to the tune of $30 million.

Cypress was founded in 2008 by Brenden Smith, formerly of Goldman Sachs, Partner Fund Management and Lehman Brothers/Neuberger Berman. Smith is joined by his former PFM colleagues David Pouncy and Marc Mezzadri. 

Cypress is primarily focused on the global consumer/retail and technology, media and telecommunications sectors. In addition to securing strategic investment capital, the relationship provides Cypress with access to the distribution channels of Atlantic and Montage.
 
“Cypress has an excellent track record across all phases of the economic cycle,” said Christopher D. Long, president of Palmer Square. “Our investment in Cypress represents an exciting strategic move for our Emerging Manager Fund and our limited partners. Cypress has all of the qualities we look for when partnering with a hedge fund manager, including a seasoned investment team, a demonstrated ability to protect capital during times of market stress and investment tail winds that we expect to last well into the next decade.”
 
Palmer Square provides investment advisory services, proprietary funds, and customized allocations focused specifically on alternative investments to a diverse set of clients including high net worth individuals, registered investor advisor firms and institutions.

Montage is a group of institutional investment managers organized to allow individual managers to retain boutique processes, while Atlantic is an independent asset management firm currently managing over $6 billion in a variety of fixed income, asset allocation and specialized investment strategies, mostly servicing institutional investors. 

 


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?