Palmer Square Capital Management, a manager of hedge funds-of-funds and customized alternative investments, had launched its first open end mutual fund, the Palmer Square Absolute Return Fund.

The fund is a fund-of-fund that will invest in seven funds run by Montage Investments that operate a broad range of hedge fund-type strategies, including global macro, long/short and event-driven credit, long/short international and domestic equity and convertible bond arbitrage. The fund will be managed by Palmer Square President Christopher D. Long and Chief Investment Officer Angie K. Long.

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