Highland Financial Preps ABC/MBS Fund

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.  


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note