Palmer Square Capital Management Launches its First Mutual Fund
In partnership with Montage Investments, Palmer Square has launched a mutual fund that functions like a hedge fund. The mutual fund will be managed by Palmer Square President Christopher Long. The mutual fund operates on seven investment strategies more common to hedge funds like convertible bond arbitrage, long/short international and domestic equity, and global macro. The mutual fund manager said in a statement, "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, the main partner for the mutual funds, has expertise in multiple investment solutions, and it manages over $9 billion for high-net-worth individuals and organizations. Its previous offering have included mutual funds, separately managed accounts and closed-end funds.
