Palmer Square Signs Investment Deal with LNG Capital

Agreement brings London-based asset manager to the United States and adds to Palmer Square's family of alternative investment managers

Feb 14, 2012, 09:30 ET from Palmer Square Capital Management

LEAWOOD, Kan., Feb. 14, 2012 /PRNewswire/ -- Palmer Square Capital Management, along with Montage Investments and Atlantic Asset Management, today announced a partnership with LNG Capital, a long/short European credit firm based in London that focuses on European corporate credit investments. In addition to securing significant investment capital, the relationship provides LNG Capital with access to the distribution channels of Montage and Atlantic.     

"The LNG Capital team has extensive experience managing credit portfolios for top European institutions," said Christopher D. Long, president of Palmer Square. "There are very few managers that focus specifically on European credit as an asset class. Given the recent economic turmoil affecting Europe, we are excited to partner with a group that has built their careers on investing in this segment of the global credit market."

The agreement to partner with LNG was done in affiliation with Montage Investments – a unique group of asset managers offering multiple investment solutions, including mutual funds, closed-end funds, separately managed accounts and alternative investments to financial intermediaries. The agreement was further enabled by Atlantic Asset Management, which has decades of experience identifying and partnering with talented emerging managers.

According to Louis Gargour, founding partner and portfolio manager of LNG, "We believe the relationship with Palmer Square will provide us a great opportunity to offer U.S. investors the ability to invest in the European credit markets. We have long sought opportunities to establish a presence in the U.S., and we are excited to partner with three very successful and innovative firms."

Gary Henson, president and chief investment officer of Montage, commented, "In the U.S., we have seen an increased demand for forward-thinking investment strategies not offered by traditional money managers. We believe the addition of LNG and its expertise in European credit markets will continue our trend of bringing financial advisors unique alternative investment solutions that look beyond the traditional style boxes."

Earlier this month, Montage and its affiliate asset managers announced that total assets under management in all strategies increased from $7.3 billion at the beginning of the year to $9.3 billion at year-end, reinforcing the trend that financial intermediaries are looking to augment their clients' portfolios with unique alternative investment solutions.

Don Trotter, managing director of Atlantic Asset Management, commented, "We are thrilled with our LNG partnership and look forward to helping them grow their business."


About Palmer Square Capital Management
Palmer Square Capital Management provides investment advisory services and manages portfolios of hedge fund strategies for a diverse set of clients across high net worth, registered investment advisory firms, broker-dealers, and institutional clients.


About LNG Capital
Established in 2006, LNG Capital is an independent absolute return asset management firm. Based in London, LNG manages assets on a discretionary basis for financial institutions and other professional investors. LNG strives to provide investors with outstanding risk-adjusted returns in all market conditions through sound market decisions and analysis, using a unique portfolio management process.


About Montage Investments
Montage Investments brings together a unique group of institutional investment manag­ers – each offering a distinct approach to money management that reflects many decades of professional experience and proprietary investment strategies across global asset classes. Currently managing over $9 billion, the firm's organizational approach is to allow individual investment managers to retain boutique processes, talent and culture that have proven re­cords of adding value to portfolios and meeting client objectives.


About Atlantic Asset Management
Atlantic is an independent asset management firm formed in 1992. Atlantic, together with its independently managed affiliated companies, currently has over $7 billion in assets under management in a variety of fixed income, asset allocation and specialized investment strate­gies, mostly servicing institutional investors. In addition, Atlantic's majority-owned subsidiary, ClearStructure Financial Technology LLC, offers management software for loan trading, managers of structured products, investment advisors and hedge fund managers.



SOURCE Palmer Square Capital Management