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

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.