Monday, 25 May 2015
Last updated 2 days ago
May 19 2011 | 10:15am ET
Palmer Square Capital Management has launched an open-ended mutual fund offering access to hedge-fund strategies.
The Palmer Square Absolute Return fund, launched in partnership with Montage Investments, uses seven institutional managers operating a broad range of hedge fund-type strategies including global macro, long/short and event-driven credit, long/short international and domestic equity, and convertible bond arbitrage.
Palmer Square founder and president, Christopher D. Long, and CIO Angie K. Long will manage the fund. Angie Long is the former deputy head of crediting trading for North America for JPMorgan Chase.
The fund offers investor and institutional share classes, trading under the symbols PSQAX and PSQIX, respectively.
“With the Palmer Square Absolute Return Fund, we are excited to leverage our experience investing with fund managers who have had great success executing hedge fund style strategies across numerous different market cycles,” said Christopher Long. “We invest directly in equity, credit, and macro-related hedge fund strategies while maintaining a keen focus on absolute returns and downside protection.”
Montage Investments, a diverse group of asset managers (including Tortoise Capital Advisors) offers multiple investment solutions, including mutual funds, closed-end funds, separately managed accounts and alternative partnership investments to financial intermediaries. Montage currently manages over $9 billion for institutions and high-net-worth individuals.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…