"We are pleased with the success of our static CLO platform. In this interest rate environment, investors have appreciated the opportunity to invest in short duration, floating rate debt in an area which has historically suffered very few defaults," said Christopher D. Long, President of Palmer Square Capital Management. "Our experienced structured credit team continues to be a pioneer in the CLO market on many fronts including issuing static CLOs, rolling out the Palmer Square CLO Indices, and finally, offering many investment solutions for investors to access this space."
Added Angie K. Long, CFA, Chief Investment Officer of Palmer Square Capital Management, "Palmer Square's goal is to continue to seek relative value opportunities across both corporate credit and structured credit. We feel investing in and managing CLOs such as our recent static CLO transactions continues to be a strong risk-adjusted opportunity for our clients."
About Palmer Square Capital Management
Palmer Square Capital Management provides investment advisory services and manages portfolios of corporate and structured credit, high yield municipal 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. As of November 30, 2016, Palmer Square managed approximately $3.8 billion in assets.
The securities issued under the CLO transactions have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Media Contact: Paul Merchan, 212-931-6172, email@example.com
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SOURCE Palmer Square Capital Management