Palmer Square Capital Management has launched the Fountain
Short Duration High Income Fund, its third mutual fund.

The fund will be managed on a day-to-day basis by Palmer Square’s
fundamental credit team and the firm’s majority-owned affiliate, Fountain
Capital. It will focus on generating income by investing in
short-duration, high-yield fixed, variable or floating rate debt securities.

“We believe that high-yield securities with short maturities
are often overlooked and inefficiently priced,” said Doug Campbell, managing principal
of Fountain Capital Management.

Other Palmer
Square mutual funds include the Absolute Return
Fund and the Palmer Square SSI Alternative Income Fund.

Montage Investments, Palmer Square’s parent company, will
manage the distribution of the new product. 

Palmer Square Capital Management provides investment
advisory services and manages portfolios of structured corporate credit,
corporate credit and various hedge fund strategies for clients across
institutional, family office, registered investment advisory firms and
broker-dealers.