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.
According to Palmer Square Capital, the fund utilizes 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 Long, founder and president of Palmer Square and chief investment officer Angie Long.
Christopher Long said with the Palmer Square Absolute Return Fund, they are excited to leverage their experience investing with fund managers who have had great success executing hedge fund style strategies across numerous different market cycles.
"We invest directly in equity, credit, and macro-related hedge fund strategies while maintaining a keen focus on absolute returns and downside protection," he said.
