Saturday, 28 November 2015
Last updated 15 hours ago
Mar 17 2006 | 12:00am ET
Highland Financial Holdings is launching its third fund on April 1 with between $100-150 million in assets under management. The new offering, the Highland Spectrum Fund, will invest across a wide range of credit quality ABS and MBS offerings.
According to a source close to the firm, the new fund is unusual for an ABS/MBS hedge fund in that it gives investors a single access point to the entire spectrum of credit qualities, hence the name “Spectrum Fund.”
Currently, the firm has two funds, one that invests in short duration, high credit quality facilities and one that invests in lower grade credit products, specifically triple-B or double-B.
Initially, the new offering will take positions in both of the firm’s current funds, though the portfolio managers will have the option of making other investments.
Paul Ullman, ceo and founder for the firm, will oversee the new fund, which has the capacity to take in $750 million to $1 billion.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…