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Palmer Square Capital Management launches ultra-short duration investment grade fund

Thursday, November 17, 2016
Opalesque Industry Update - Palmer Square Capital Management, a credit and alternatives investment manager specializing in structured credit, corporate credit and hedge fund strategies such as long/short credit, announced that the firm has rolled out its ultra-short duration investment grade strategy in a mutual fund format, Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX).

Christopher D. Long, president of Palmer Square Capital Management, commented, "Given the lack of true ultra-short duration funds as well as the changes which have occurred with money market funds, we have had demand from our investors to access our ultra-short duration strategy in mutual fund format. We believe that the Fund offers investors a unique alternative to traditional shorter duration investments, in that, our strategy seeks low interest rate sensitivity and low spread duration yet it offers investors an attractive relative yield and a diversified source of income."

According to Angie K. Long, chief investment officer of Palmer Square, "Leveraging the deep expertise of our opportunistic credit team, we are excited to bring to market a product which utilizes our competitive advantage as a firm in looking across credit for high quality, truly short-duration assets which offer attractive relative yield." The Fund will primarily invest in high quality, short-dated corporate bonds, loans, traditional ABS, and structured credit (most notably, collateralized loan obligations also known as CLOs).

Based outside Kansas City, MO, Palmer Square Capital Management manages approximately $3.8 billion in assets. The firm provides investment advisory services and manages portfolios of structured corporate credit, corporate credit and various hedge fund strategies for a diverse set of clients across institutional investors, registered investment advisory firms, broker-dealers and high net worth individuals.

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