Palmer Square Capital Management, based in Mission Woods, launched is sixth mutual fund.
The Palmer Square Long/Short Credit Fund will invest in fixed income securities and sell them short under a single strategy aimed at generating returns. A short investment profits as the value of a security declines.
“We believe that the fund offers investors a unique alternative to traditional fixed income investments, as our team seeks absolute returns on both the long and short side while aiming to minimizing volatility and exposure to interest rate risk.”
The fund will invest – both long and shore – in corporate bonds, loans, convertible bonds, loans, derivatives and structured credit, according to an announcement.
Palmer Square is part of Montage Investments, a group of institutional asset managers with $27 billion under management. Both are part of Mariner Holdings in Leawood.