Tuesday, 28 April 2015
Last updated 15 hours ago
Sep 25 2013 | 10:05am ET
Palmer Square Capital Management has closed its second collateralized loan obligation fund of the year—garnering $100 million more than it won for the first.
The Kansas-based firm raised $464 million for the fund. Combined with the $362 million it raised for the first fund in April, it pushes Palmer Square's assets under management to about $2.8 billion.
"Today's fixed-income environment has a lot of headwinds," President Christopher Long told the Kansas City Business Journal. "Investors are worried about interest rate risk, but they want to obtain some yield. Well, CLOs allow you to basically have your cake and eat it, too."
Palmer Square is a subsidiary of Montage Investments, itself owned by Mariner Holdings.
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…