Highland Floating Rate Opportunities Fund Earns Third Consecutive Lipper Fund Award
DALLAS, Mar. 23, 2016 – Highland Capital Management Fund Advisors, L.P. was recognized at the 2016 Thomson Reuters Lipper Fund Awards, held March 22 in New York. The Highland Floating Rate Opportunities Fund, Z (HFRZX) was named the best loan participation fund in the 5-year category.
Chris Mawn, co-portfolio manager of the fund, accepted the award. Highland Capital Management CIO and co-founder Mark Okada also serves as the fund’s co-portfolio manager.
The Lipper Fund Awards reward consistent out-performance of individual funds and of fund companies. Winning funds have demonstrated consistently strong risk- adjusted returns compared with peers.
The loan participation fund category recognizes funds that invest primarily in participation interests in collateralized senior corporate loans that have floating or variable rates.
This is the third consecutive year the Highland Floating Rate Opportunities Fund has been recognized with a Lipper Fund Award.
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 which, together with our affiliates, has approximately $18 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, such as 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.