Emily Colella joined hedge funds-of-funds and hedged mutual fund manager Palmer Square Capital Management as managing director, business development.
The position is new.
Ms. Colella will work to expand Palmer Square's presence in the institutional marketplace in this new position, said Christopher D. Long, Palmer Square president and managing director, in an interview. Ms. Colella will be based in Kansas City, Mo.
About 25% of Palmer Square's $600 million of assets under management in hedge funds of funds, customized hedge funds-of-funds portfolios and hedge strategy mutual funds are from institutional investors, Mr. Long said.
Ms. Colella was managing director, institutional client service and marketing, at SSI Investment Management, a hedge fund manager with $1.9 billion under management. Judy Wang, SSI's director of operations, did not return a call by press time regarding Ms. Colella's replacement.