Appeals Hearing Update for the Highland Floating Rate Opportunities Fund
Oral argument took place on October 18, 2017 in the Claymore v. Credit Suisse appeal.
At the hearing, it was clear that the judges understood both sides’ arguments and the trial court’s findings in favor of the Fund.
Highland believes that Credit Suisse failed to address the fundamental question: Credit Suisse does not challenge the fraud finding against it, so why shouldn’t Credit Suisse be held accountable?
While litigation is inherently uncertain, Highland remains confident in its legal position and believes that the judgment should be affirmed on appeal.
About Highland Capital Management Fund Advisors, L.P.
Highland Capital Management Fund Advisors, L.P. is the retail arm of Highland Capital Management, L.P., an SEC-registered investment adviser that, together with its affiliates, has approximately $13.7 billion of assets under management. Founded in 1993 by James Dondero and Mark Okada, Highland is one of the largest and most experienced global alternative credit managers. Highland specializes in credit strategies, including credit hedge funds, long-only funds and separate accounts, distressed and special-situation private equity, and collateralized loan obligations (CLOs). Highland also offers alternative investments, including emerging markets, long/short equities, and natural resources. Highland’s diversified client base includes public pension plans, foundations, endowments, corporations, financial institutions, fund of funds, governments, and high net-worth individuals. Highland is headquartered in Dallas, Texas and maintains offices in New York, Sao Paolo, Singapore, and Seoul. For more information visit highlandcapital.com.
Before investing, you should carefully consider the Fund’s investment objectives, risks, charges and expenses. For a copy of a prospectus or summary prospectus which contains this and other information, please visit our website at highlandfunds.com or call 1-877-665-1287. Please read the fund prospectus carefully before investing.
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