Palmer Square Capital Management, an asset management firm that provides portfolios of corporate credit, structured credit and alternative credit strategies to a wide range of institutional and high net worth investors, has surpassed the USD5.0 billion assets under management mark ending the first quarter of 2018 at approximately USD5.5 billion.
Christopher D Long, President of Palmer Square, says: “We are incredibly proud of this accomplishment as we believe we have achieved this growth not only due to our continued strong risk-adjusted investment performance, but also the increased investor recognition of the depth of the Palmer Square team, investment process and credit platform.”
The firm has also announced the hiring of Scott Betz as Chief Operating Officer, a new position at Palmer Square. Scott will also serve as Chief Compliance Officer. Scott brings almost 20 years of experience, most recently at Scout Investments where he was Chief Operating Officer, Chief Compliance Officer, and Treasurer.
“Scott’s operational skill set and depth of experience are a great fit for Palmer Square,” says Long. “As Palmer Square continues to grow and evolve as a firm, we are focused on maintaining a strong and scalable operational infrastructure that keeps pace with our progress, anticipates the different needs of clients, and finally, addresses the challenges we may face ahead.”