Palmer Square Capital Management Adds High Yield and Distressed Municipal Strategies Team

MISSION WOODS, Kan., March 24, 2015 /PRNewswire/ -- Palmer Square Capital Management, a credit and alternatives investment manager today announced the hiring of high yield and distressed municipal bonds specialists Garey M. Fuqua and Sandra T. Matthews to lead its High Yield and Distressed Municipal Strategies Group.

Fuqua will lead the team and serve as Managing Director and Chief Investment Officer of High Yield and Distressed Municipal Strategies. He joins from Spring Mountain Capital ("SMC") where he oversaw the High Yield and Distressed Municipals Group. Matthews also joins from SMC where she was the Head of Research for the High Yield and Distressed Municipal Strategy.

Christopher D. Long, president of Palmer Square Capital Management, commented, "Given our relative value orientation and focus on opportunistic credit, we are thrilled to announce these expanded capabilities into the high yield and distressed municipal bond space. We believe Garey's and Sandy's experience with municipal credit investing, strong track record, and origination capabilities will add even more depth and expertise to our current and future investment offerings."

"We are excited to join Palmer Square as we are impressed by their culture, deep credit team, distribution capabilities, and growth plans," said Fuqua. "We believe selective high yield municipal securities offer some of the most interesting and compelling value in the credit markets and we look forward to applying our skills in aiming to develop tax-efficient investment products to further exploit this opportunity.

"We are delighted to add Garey and his team to the Palmer Square platform," said Angie K. Long, chief investment officer of Palmer Square. "The high yield and distressed municipal bond space has historically been inefficient and under-researched, which we believe can allow talented credit-focused professionals such as Garey and his team ample opportunity to generate risk-adjusted returns that we believe are uncorrelated."

Based outside Kansas City, Missouri, and managing approximately $3.3 billion in assets, Palmer Square is part of Montage Investments, a diverse group of institutional investment managers that together manage nearly $25 billion for a wide range of investors. Montage supports Palmer Square's distribution efforts through its team of 38 distribution professionals who are located throughout the country.

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 March 15, 2015, Palmer Square managed in excess of $3.3 billion in assets.

Visit www.palmersquarecap.com.

About Montage Investments

Montage Investments provides institutional-caliber investments to investors and the financial professionals who serve them. Through a family of independent asset managers, unified by deep market insight and fundamental research, Montage offers alternative investment solutions across the spectrum of asset classes and strategies that include mutual funds, closed-end funds and separate accounts. Collectively, Montage Investments managed nearly $25 billion as of February 28, 2015.

Visit www.montageinvestments.com.

SOURCE Palmer Square Capital Management