Friday, 30 September 2016
Last updated 18 hours ago
Sep 18 2012 | 11:20am ET
Investment advisory and fund of hedge funds manager Palmer Square Capital Management has added the Geneva Arbitrage Fund to its portfolio of underlying managers.
Under the deal, Palmer Square investors will get access to Geneva, an event-driven fund based in Pennsylvania. For its part, Geneva will get, in addition to money from Palmer Square clients, access to new distribution channels through the agreement's two other parties.
Atlantic Asset Management and Montage Investments will give Geneva more exposure.
"Geneva strictly adheres to an investment process that has a proven track record since its inception in 2004," Palmer Square's Christopher Long said. "We believe that Geneva's merger arbitrage strategy is the right one for our investors due to Geneva's in-depth risk management, experience and focus on capital preservation."