Palmer Square Capital Management has appointed Angie Knighton Long, CFA, as the firm’s chief investment officer. A member of the advisor’s Investment Committee, Long has key responsibilities for all investment-related activities, with a particular focus on portfolio and risk management. She joined the firm in February 2011.
“During her 13 years in New York, Knighton Long made some significant contributions to the investment community,” says Christopher D Long, president of Palmer Square. “Her insights, investment perspective, and deep relationships across the senior levels of Wall Street will be essential in our continued pursuit of alternative investments that give our clients a greater level of portfolio diversification – and the reduced risk that goes along with it.”
Prior to joining Palmer Square, Knighton Long worked for JPMorgan Chase & Co in New York. There, she held a variety of management and trading roles, including Deputy Head of Credit Trading for North America, Head of High Yield Trading, and Head of Credit Derivatives Trading. She has been a trader within many products and strategies including high yield bonds, high yield credit derivatives, distressed debt, capital structure arbitrage and structured credit.
Among other career achievements, Knighton Long is credited with creating the High Yield Debt Index, the first liquid credit trading index and the predecessor to all of today’s indices (the Dow Jones CDX.) Named a managing director of JPMorgan Chase & Co. at age 29, Knighton Long is considered a pioneer in the Credit Derivatives industry. Knighton Long also built JPMorgan’s High Yield Credit Derivatives business and Credit Options business.
Most recently, Knighton Long ran a proprietary trading book focused on long/short credit. In addition, she worked with the Global Head of Credit Trading and other senior executives within the credit area to help oversee risk management for the North American and European credit trading books.
Earlier in her career, Knighton Long was an analyst with Fisher, Francis, Trees, and Watts. She received an A.B. degree in Economics from Princeton University and is a Chartered Financial Analyst holding the Series 7, 63, 4, 55, and 24 securities licenses.
