Palmer Square Launches L/S Credit Mutual Fund

Dec 15 2014 | 11:42am ET

Palmer Square Capital Management has launched a long/short credit mutual fund, its sixth '40 Act fund.

The Palmer Square Long/Short Credit Fund will leverage the expertise of the firm's opportunistic credit team as it seeks to achieve absolute returns over a market cycle through a portfolio of long and short credit investments. The fund will primarily invest long and short in corporate bonds, loans, convertible bonds, structured credit (most notably, collateralized loan obligations) and derivatives.

Said Christopher D. Long, president of Palmer Square, in a statement: “We believe this is an ideal environment for long/short credit and are very pleased to now be able to offer our long/short credit strategy as a single-strategy mutual fund. We believe that the fund offers investors a unique alternative to traditional fixed-income investments, as our team seeks absolute returns on both the long and short side while aiming to minimizing volatility and exposure to interest rate risk.”

Based outside Kansas City, Missouri, and managing approximately $4.3 billion in assets, Palmer Square is part of Montage Investments, a group of institutional investment managers that together manage nearly $27 billion for a wide range of investors. Montage supports Palmer Square’s distribution efforts through its team of 38 distribution professionals located throughout the country.


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