Launches & Closures

Palmer Square heads into retail with new mutual fund

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In partnership with Montage Investments, Palmer Square Capital Management has launched the Palmer Square Absolute Return Fund, its first open-ended mutual fund, taking hedge fund expertise to the retail market.

Gary Henson, chief investment officer for Montage, said: “This new mutual fund provides the average investor with access to managers who have, historically, been unavailable to that market.”

The fund, which uses a concentrated group of seven institutional managers that operate a broad range of hedge fund-type strategies, is managed by husband and wife team Christopher Long, founder and president of Palmer Square and chief investment officer Angie