Mon, Apr 27, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner