Latest news with #JeffFox
RNZ News
14 hours ago
- Automotive
- RNZ News
Propelling the past: How one Kiwi keeps early aviation spinning
Jeff Fox's Horowhenua workshop is full of propellers and machinery. Photo: RNZ / Jimmy Ellingham The next time you spot a vintage aircraft overhead, there's a good chance it's airborne thanks to the handiwork of a man from Manakau, an hour's drive from Wellington. For more than 25 years, Jeff Fox has crafted wooden propellers for classic aircraft such as Tiger Moths and Sopwith Camels. He puts up to 300 hours into each piece, with clients that include World War I aviation buff, Sir Peter Jackson. When RNZ visited his Fox Props business in Horowhenua, Fox was shaping a Tiger Moth propeller, all part of his work keeping remnants of early aviation alive. "One of the first props I did was for the Will Scotland aircraft, the Caudron. That was flown in early 1914 down in Te Horo. That aircraft went on to the first cross-country flights in Australasia, Invercargill to Gore." Scotland was a New Zealand aviation pioneer. One of only a few in the world to hand-make wooden propellers, while not a pilot himself, Fox delves into the stories of the planes he keeps in the air and those early aviators. "That aircraft eventually got pranged doing a demonstration flight out of Athletic Park [in Wellington], and he couldn't get back in because of wind. He got blown into the hills above the Basin Reserve - actually into the trees. He was the first guy to climb out of a tree that hadn't climbed up it." Dry-humoured, with a cigarette hanging out of his mouth, Fox is at home in his workshop, which stands only metres from his house. Its walls are lined with propellers and pictures of planes, including some that look odd to the modern eye, like the German tri-winged aircraft from the early 20th century. In more than 25 years, Jeff Fox has crafted about 260 propellers. Photo: RNZ / Jimmy Ellingham A builder and joiner by trade, Fox started restoring classic cars, and that led to requests for work on classic planes. "It's not just the propeller. It's also a history lesson in what the early pilots had to put up with, the conditions they lived in and their life expectancies. "As one of my mates said: This was in the days when the planes were built of wood and the men were built of steel. Today it's the other way around. You better believe it." Half of Fox's workshop is devoted to his hobby of doing up old motorbikes, and the other half to the propeller business - he said that's the half that made the money, the other side lost it. He does work for aviation enthusiasts in New Zealand and abroad. Propellers destined for a vintage Tiger Moth aircraft. Photo: RNZ / Jimmy Ellingham "I was very fortunate to be involved early on with a lot of Peter Jackson's aircraft projects through a mate of mine, Stuart Tantrum, in Levin. He restored the camel for Peter, and that needed a propeller." The amount of work varies. Sometimes he might do a couple of propellers a year, sometimes a lot more. Some propellers, such as ones with four blades, take up to 300 hours, some much less, and they cost anything from just over $8000 to more than $20,000. Fox uses quality imported wood, something he's particular about. "Those Tiger Moth ones [in the workshop] are seven layers of sapele mahogany. A lot of the originals were Honduras mahogany, which we can't get here. I think the last Honduras we had into this country was in the 1920s, but sapele's a very close second." The 66-year-old reckons he's made about 260 propellers and has no plans to retire. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
14 hours ago
- General
- RNZ News
The Manukau man crafting vintage propellers
life and society transport 29 minutes ago Next time a vintage aircraft flies overhead there's a good chance it's being propelled by the handiwork of a man from Manakau, an hour north of Wellington. For over 25 years Jeff Fox has created wooden propellers for classic aircraft like tiger moths and sopwith camels. He can put up to 300 hours of work into each handcrafted propeller for clients including First World War aviation buff Sir Peter Jackson. Jimmy Ellingham reports.
Malaysian Reserve
29-05-2025
- Business
- Malaysian Reserve
Palmer Square's CLO Indices Celebrate 10 Year Anniversary
MISSION WOODS, Kan., May 29, 2025 /PRNewswire/ — Today, Palmer Square Capital Management ('Palmer Square') celebrates the 10 year anniversary of its groundbreaking CLO indices. On May 29, 2015, Palmer Square introduced the first CLO benchmarks distributed globally on a daily basis: the Palmer Square CLO Senior Debt Index (CLOSE) and the Palmer Square CLO Debt Index (CLODI). According to Christopher D. Long, Founder, CEO and Chairman of Palmer Square, 'We launched the CLO indices to provide valuable insights and access to a daily performance benchmark focused on a rapidly expanding asset class. In 2024, we expanded our offerings by launching European CLO indices. Today, nearly 1,000 global subscribers access our indices, and we recently introduced an ETF (PSQA) in the U.S. and will soon launch a similar product in Europe which allows investors to directly access the return characteristics of these indices.' Below is the 10-year performance data of our trailblazing indices. YTD 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Palmer Square Senior Debt Index (CLOSE) 1.57 % 7.40 % 9.01 % 0.70 % 1.43 % 2.68 % 4.44 % 2.12 % 3.16 % 3.32 % Palmer Square Debt Index (CLODI) 1.02 % 13.22 % 17.40 % -3.59 % 5.11 % 6.83 % 8.82 % 0.07 % 9.13 % 10.40 % As of April 30, 2025 'CLOs are one of the fastest growing areas of global structured credit, growing from approximately $400 million 10 years ago to more than $1 trillion in market value. Palmer Square's ability to provide daily performance indices to investors for the last decade has been a major contributor to this tremendous market growth as investors had the transparency to not only follow the CLO space, but also benchmark performance,' stated Jeff Fox, President, Palmer Square. The Palmer Square CLO Senior Debt Index is a rules-based observable pricing and total return index for collateralized loan obligation ('CLO') debt for sale in the United States, rated at the time of issuance as AAA or AA (or an equivalent rating). Such debt is often referred to as the senior tranches of a CLO. The Palmer Square CLO Debt Index is also a rules-based observable pricing and total return index for collateralized loan obligation ('CLO') debt for sale in the United States, rated at the time of issuance as A, BBB or BB (or equivalent rating). Such debt is often referred to as the mezzanine tranches of a CLO. About Palmer Square Capital Management Founded in 2009 by Christopher Long, with major offices in Kansas City and London, Palmer Square manages over $34.2 billion in fixed income/credit investments on behalf of a diverse client base inclusive of institutional investors, wealth management firms, and high net worth individuals (as of 03/31/25). The firm primarily focuses on Opportunistic Credit, Income Strategies, Private Credit, and CLOs while offering many product opportunities, including mutual funds, separately managed accounts, private partnerships (including investments focused on the CLO market), CLOs, and a publicly traded Business Development Company, Palmer Square Capital BDC Inc. (NYSE: PSBD). Past performance is not necessarily indicative of future results. It is not possible to invest directly in an index. Index performance does not reflect the deduction of any fees and expenses. There are risks involved with investing, including the possible loss of principal, that investors should be prepared to bear. The information contained herein should not be construed as personalized investment advice and should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the Palmer Square CLO Senior Debt Index and the Palmer Square CLO Debt Index (the 'Indices') is not a recommendation to buy, sell, or hold that security, nor is it investment advice. The Indices are the exclusive property of Palmer Square. The Indices are calculated by NYSE Group, Inc. or its affiliates ('NYSE'). NYSE MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE INDICES OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL NYSE HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The securities issued under the CLO transactions have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This overview shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Palmer Square Capital Management LLC ('Palmer Square') is an SEC registered investment adviser with its principal place of business in the State of Kansas. Registration of an investment adviser does not imply a certain level of skill or training. Palmer Square and its representatives are in compliance with the current registration and notice filing requirements imposed upon registered investment advisers by those states in which Palmer Square maintains clients. Palmer Square may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements. Any subsequent, direct communication by Palmer Square with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For additional information about Palmer Square, including fees and services, send for our disclosure statement as set forth on Form ADV using the contact information herein or refer to the Investment Adviser Public Disclosure web site ( Please read the disclosure statement carefully before you invest or send money. Media contact: palmersquare@
Yahoo
29-05-2025
- Business
- Yahoo
Palmer Square's CLO Indices Celebrate 10 Year Anniversary
MISSION WOODS, Kan., May 29, 2025 /PRNewswire/ -- Today, Palmer Square Capital Management ("Palmer Square") celebrates the 10 year anniversary of its groundbreaking CLO indices. On May 29, 2015, Palmer Square introduced the first CLO benchmarks distributed globally on a daily basis: the Palmer Square CLO Senior Debt Index (CLOSE) and the Palmer Square CLO Debt Index (CLODI). According to Christopher D. Long, Founder, CEO and Chairman of Palmer Square, "We launched the CLO indices to provide valuable insights and access to a daily performance benchmark focused on a rapidly expanding asset class. In 2024, we expanded our offerings by launching European CLO indices. Today, nearly 1,000 global subscribers access our indices, and we recently introduced an ETF (PSQA) in the U.S. and will soon launch a similar product in Europe which allows investors to directly access the return characteristics of these indices." Below is the 10-year performance data of our trailblazing 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Palmer Square Senior Debt Index (CLOSE) 1.57 % 7.40 % 9.01 % 0.70 % 1.43 % 2.68 % 4.44 % 2.12 % 3.16 % 3.32 % Palmer Square Debt Index (CLODI) 1.02 % 13.22 % 17.40 % -3.59 % 5.11 % 6.83 % 8.82 % 0.07 % 9.13 % 10.40 % As of April 30, 2025 "CLOs are one of the fastest growing areas of global structured credit, growing from approximately $400 million 10 years ago to more than $1 trillion in market value. Palmer Square's ability to provide daily performance indices to investors for the last decade has been a major contributor to this tremendous market growth as investors had the transparency to not only follow the CLO space, but also benchmark performance," stated Jeff Fox, President, Palmer Square. The Palmer Square CLO Senior Debt Index is a rules-based observable pricing and total return index for collateralized loan obligation ("CLO") debt for sale in the United States, rated at the time of issuance as AAA or AA (or an equivalent rating). Such debt is often referred to as the senior tranches of a CLO. The Palmer Square CLO Debt Index is also a rules-based observable pricing and total return index for collateralized loan obligation ("CLO") debt for sale in the United States, rated at the time of issuance as A, BBB or BB (or equivalent rating). Such debt is often referred to as the mezzanine tranches of a CLO. About Palmer Square Capital Management Founded in 2009 by Christopher Long, with major offices in Kansas City and London, Palmer Square manages over $34.2 billion in fixed income/credit investments on behalf of a diverse client base inclusive of institutional investors, wealth management firms, and high net worth individuals (as of 03/31/25). The firm primarily focuses on Opportunistic Credit, Income Strategies, Private Credit, and CLOs while offering many product opportunities, including mutual funds, separately managed accounts, private partnerships (including investments focused on the CLO market), CLOs, and a publicly traded Business Development Company, Palmer Square Capital BDC Inc. (NYSE: PSBD). Past performance is not necessarily indicative of future results. It is not possible to invest directly in an index. Index performance does not reflect the deduction of any fees and expenses. There are risks involved with investing, including the possible loss of principal, that investors should be prepared to bear. The information contained herein should not be construed as personalized investment advice and should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the Palmer Square CLO Senior Debt Index and the Palmer Square CLO Debt Index (the "Indices") is not a recommendation to buy, sell, or hold that security, nor is it investment advice. The Indices are the exclusive property of Palmer Square. The Indices are calculated by NYSE Group, Inc. or its affiliates ("NYSE"). NYSE MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE INDICES OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL NYSE HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The securities issued under the CLO transactions have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This overview shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Palmer Square Capital Management LLC ("Palmer Square") is an SEC registered investment adviser with its principal place of business in the State of Kansas. Registration of an investment adviser does not imply a certain level of skill or training. Palmer Square and its representatives are in compliance with the current registration and notice filing requirements imposed upon registered investment advisers by those states in which Palmer Square maintains clients. Palmer Square may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements. Any subsequent, direct communication by Palmer Square with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For additional information about Palmer Square, including fees and services, send for our disclosure statement as set forth on Form ADV using the contact information herein or refer to the Investment Adviser Public Disclosure web site ( Please read the disclosure statement carefully before you invest or send money. 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