Palmer Square Capital Management this week added a merger arbitrage manager to its growing stable of alternative funds.
The firm, along with Montage Investments and Atlantic Asset Management, unveiled a partnership with Geneva Arbitrage Fund whereby the group will infuse Geneva with capital and access to the distribution channels of Montage and Atlantic.
This is the second deal that Palmer has put together this year in the alternative arena. The firm in May rolled out a long/short offering.
“We believe that Geneva’s merger arbitrage strategy is the right one for our investors due to Geneva’s in-depth risk management, experience and focus on capital preservation,” stated Christopher Long, president of Palmer Square.