Palmer Square Capital Management has appointed JP Morgan for its recently launched absolute return fund. JP Morgan will provide prime custody solutions for the new portfolio of hedge fund-of-funds partnerships and customized alternative investments manager.

It will also offer a range of capabilities, such as global custody, equity and FX prime brokerage, interest rate derivatives, OTC and futures and options. Palmer’s open-ended mutual fund will target capital appreciation with an emphasis on absolute returns and low correlation to the wider equity and bond markets.

Click here for the release from Business Wire.