New York (HedgeCo.net) – Hedge fund manager Palmer Square Capital Management and $9 billion institutional money manager, Montage Investments, have launched the Palmer Square Absolute Return Fund, its first open-ended mutual fund.

“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,” commented 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,” he said.

The new fund will work with 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, 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.

Alex Akesson
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