News Column

Palmer Square Absolute Return Fund Celebrates its Three-Year Anniversary

June 7, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- -Palmer Square Capital Management LLC, an investment management firm that provides portfolios of structured credit, corporate credit and alternative investment strategies to a wide range of investors, celebrates the third anniversary of its first mutual fund, the Palmer Square Absolute Return Fund (PSQIX/PSQAX).

The Palmer Square Absolute Return Fund provides access to highly skilled fund managers and strategies, including opportunistic credit strategies run by Palmer Square. The fund seeks to achieve absolute returns over a market cycle with low beta and correlation to the traditional equity and fixed income markets.* Since its inception, the fund has grown to $295 million in assets (as of May 16, 2014).

According to Christopher D. Long, president and co-portfolio manager of Palmer Square, "We are thrilled with the positioning of this fund and its go-forward opportunity. As the fund's assets have grown significantly over the last three years, we believe we have been able to deliver on the fund's core objectives. Clients have utilized our multi-strategy credit fund as a fixed income option or as a core credit alternative allocation. In today's market environment where achieving income, downside protection, and diversification are extremely challenging within the fixed income and alternative space, we believe the fund provides investors with a viable opportunity."

In addition, Palmer Square has launched three other mutual funds over the past three years. The firm's most recent launch includes the Palmer Square Income Plus Fund (PSYPX), a $266 million fund focused on income and primarily investing in investment grade and high yield floating rate securities (as of May 16, 2014). Palmer Square's other two mutual funds include the Palmer Square SSI Alternative Income Fund (PSCIX/PSCAX) and the Fountain Short Duration High Income Fund (PFHIX/PFHAX). The firm also manages an opportunistic credit platform, CLO management platform, and multi-strategy limited partnerships.

Palmer Square's competitive advantage, when investing in credit and alternative investments, comes primarily from the depth and experience of its investment team, which has grown to include 24 professionals with deep backgrounds in credit, alternatives, derivatives and risk management.

Managing more than $4 billion in assets, Palmer Square is part of Montage Investments, a diverse group of institutional investment managers that together manage more than $22 billion for a wide range of investors. Montage supports Palmer Square's efforts through its team of 32 distribution professionals who are located throughout the country.

"It's been very exciting to see the growth of Palmer Square, its clients and its professionals over the last five years," said Gary P. Henson, CFA, CFP, chief investment officer of Montage Investments. "Palmer Square's ultimate goal is to pursue returns for investors that are not correlated with the overall markets, especially fixed income, and I believe the team has been very successful in this pursuit. I look forward to what the future holds for Palmer Square's funds, firm, associates and most importantly, for Palmer Square's investors."

Keywords for this news article include: Investment and Finance, Palmer Square Capital Management Llc.

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Source: Investment Weekly News


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