Sun, Oct 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Palmer Square signs investment deal with LNG Capital

Monday, February 20, 2012

Christopher D. Long
Opalesque Industry Update: Palmer Square Capital Management, along with Montage Investments and Atlantic Asset Management, today announced a partnership with LNG Capital, a long/short European credit firm based in London that focuses on European corporate credit investments. In addition to securing significant investment capital, the relationship provides LNG Capital with access to the distribution channels of Montage and Atlantic.

"The LNG Capital team has extensive experience managing credit portfolios for top European institutions," said Christopher D. Long, president of Palmer Square. "There are very few managers that focus specifically on European credit as an asset class. Given the recent economic turmoil affecting Europe, we are excited to partner with a group that has built their careers on investing in this segment of the global credit market."

The agreement to partner with LNG was done in affiliation with Montage Investments – a unique group of asset managers offering multiple investment solutions, including mutual funds, closed-end funds, separately managed accounts and alternative investments to financial intermediaries. The agreement was further enabled by Atlantic Asset Management, which has decades of experience identifying and partnering with talented emerging managers.

According to Louis Gargour, founding partner and portfolio manager of LNG, "We believe the relationship with Palmer Square will provide us a great opportunity to offer U.S. investors the ability to invest in the European credit markets. We have long sought opportunities to establish a presence in the U.S., and we are excited to partner with three very successful and innovative firms."

Gary Henson, president and chief investment officer of Montage, commented, "In the U.S., we have seen an increased demand for forward-thinking investment strategies not offered by traditional money managers. We believe the addition of LNG and its expertise in European credit markets will continue our trend of bringing financial advisors unique alternative investment solutions that look beyond the traditional style boxes."

Earlier this month, Montage and its affiliate asset managers announced that total assets under management in all strategies increased from $7.3 billion at the beginning of the year to $9.3 billion at year-end, reinforcing the trend that financial intermediaries are looking to augment their clients' portfolios with unique alternative investment solutions.

Don Trotter, managing director of Atlantic Asset Management, commented, "We are thrilled with our LNG partnership and look forward to helping them grow their business."

Palmer Square Capital

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad