Bringing you live news and features since 2006 

Christopher D Long, President, Palmer Square

Palmer Square launches first mutual fund

RELATED TOPICS​

Palmer Square Capital Management, a manager of hedge fund-of-funds partnerships and customised alternative investment solutions, has launched the Palmer Square Absolute Return Fund, its first open-ended mutual fund.

 

Launched in partnership with Montage Investments, the objective of the fund is to seek capital appreciation with an emphasis on absolute (positive) returns and low correlation to the broader equity and bond markets. The fund offers investor and institutional share classes, trading under the symbols PSQAX and PSQIX, respectively.

The fund utilises a concentrated group of seven institutional managers that operate a broad range of hedge fund-type strategies, including global macro, long/short and event-driven credit, long/short international and domestic equity, and convertible bond arbitrage.  The fund is managed by alternatives veterans Christopher D Long (pictured), founder and president of Palmer Square and chief investment officer Angie K Long, a pioneer in credit derivatives and former Deputy Head of Credit Trading for North America for JPMorgan Chase & Co.

"With the Palmer Square Absolute Return Fund, we are excited to leverage our experience investing with fund managers who have had great success executing hedge fund style strategies across numerous different market cycles," says Christopher Long. "We invest directly in equity, credit, and macro-related hedge fund strategies while maintaining a keen focus on absolute returns and downside protection."

CIO Angie Long adds: "In this challenging environment where the risk of rising interest rates has increased and global equity markets remain volatile, we believe that we have designed a compelling product that can offer positive risk adjusted returns and serve as an attractive alternative to fixed income or equity products." 

The fund was enabled by Palmer Square’s affiliation with Montage Investments – a diverse group of asset managers including well-known Tortoise Capital Advisors. Montage’s asset managers offer multiple investment solutions, including mutual funds, closed-end funds, separately managed accounts and alternative partnership investments to financial intermediaries.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by