Tuesday, 2 September 2014
Last updated 3 days ago
Sep 25 2013 | 1:34am ET
Credit-specialist Palmer Square Capital Management has closed its second collateralized loan obligation in six months.
The $464 million Palmer Square CLO 2013-2 closed September 17, 2013, hard on the heels of a $362 million CLO that closed in April. Both transactions were arranged by JPMorgan Chase & Co and both vehicles are designed to invest primarily in institutional senior secured bank loans.
Said Christopher D. Long, president of Palmer Square Capital Management, in a statement: “We always believed that the CLO space was a natural extension of our investment platform given our team’s experience and competitive advantage in structure and credit. Leveraging these two successful offerings, we will continue to enhance our CLO platform and execute on investment opportunities across corporate and structured credit, long/short credit and other alternative strategies.”
Palmer Square is a boutique credit and alternative investments manager with approximately $2.8 billion in assets under management. The firm is majority-owned by Montage Investments, the asset management arm of Leawood, Kansas-based Mariner Holdings, a $24 billion financial services firm.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...