Thursday, 26 March 2015
Last updated 1 hour 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…