First Foundation Inc. (NASDAQ: FFWM), a financial services company that
provides investment management, wealth planning, consulting, trust and
banking services primarily to high-net-worth individuals and businesses,
today announced that First Foundation Advisors, its wholly owned
subsidiary, was selected by the Board of Trustees for the Highland Funds
to serve as the exclusive sub-advisor for the Highland Total Return
Fund. As of January 20, 2015, the Highland Total Return Fund had $73
million in assets under management.
“We are pleased to be selected to manage the Highland Total Return Fund
as we continue to build on our relationship with Highland Capital,”
stated John Hakopian, President of First Foundation Advisors. “This
selection reflects the strength of our investment process as well as the
expertise of our investment professionals,” Mr. Hakopian added.
First Foundation Advisors also serves as the exclusive sub-advisor for
the Highland Fixed Income Fund and the Highland Tax Exempt Fund.
About First Foundation
First Foundation, a financial institution founded in 1990, provides
integrated investment management, wealth planning, consulting, trust and
banking services. The company is headquartered in Irvine with offices in
Newport Beach, Pasadena, West Los Angeles, San Diego, Palm Desert and
the Imperial Valley in California, and Las Vegas, Nevada. More
information is available at www.ff-inc.com.
About Highland Capital Management Fund Advisors, L.P.
Highland Capital Management Fund Advisors, L.P., is an SEC-registered
investment adviser which, together with its affiliates, has
approximately $19 billion of assets under management. Highland Capital
Management, L.P. was founded in 1993 by Jim Dondero and Mark Okada.
Highland is one of the largest and most experienced global alternative
credit managers. Highland’s strategies include collateralized loan
obligations (CLOs), high yield bonds, distressed credit, public and
private equities, structured products and natural resources.
Investors should consider the investment objectives, risks, charges and
expenses of the Highland Funds carefully before investing. Please call
1-877-665-1287 or visit www.highlandfunds.com for
more information on the Funds. Please read the prospectus carefully
before you invest.
All wholesalers are licensed, and securities may be offered, through
NexBank Securities, Inc., an affiliate of Highland Funds. NexBank
Securities, Inc. is a FINRA member firm.
Shareholder Services: info@highlandfunds.com,
(855) 799-4757
Forward-Looking Statements
Statements in this news release regarding our expectations and beliefs
about our future financial performance and financial condition, as well
as trends in our business and markets are "forward-looking statements"
as defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements often include words such as "believe,"
"expect," "anticipate," "intend," "plan," "estimate," "project," or
words of similar meaning, or future or conditional verbs such as "will,"
"would," "should," "could," or "may." The forward-looking statements in
this news release are based on current information and on assumptions
that we make about future events and circumstances that are subject to a
number of risks and uncertainties that are often difficult to predict
and beyond our control. As a result of those risks and uncertainties,
our actual financial results in the future could differ, possibly
materially, from those expressed in the forward-looking statements
contained in this news release and could cause us to make changes to our
future plans. Those risks and uncertainties include, but are not limited
to, the risk of incurring loan losses, which is an inherent risk of the
banking business; the risk that the economic recovery in the United
States will stall or will be adversely affected by domestic or
international economic conditions and the risk that the Federal Reserve
Board will continue to keep interest rates low, any of which could
adversely affect our interest income and interest rate margins and,
therefore, our future operating results; and the risk that the
performance of our investment management business or of the equity and
bond markets could lead clients to move their funds from or close their
investment accounts with us, which would reduce our assets under
management and adversely affect our operating results. Additional
information regarding these and other risks and uncertainties to which
our business and future financial performance are subject is contained
in Item 1A, entitled “Risk Factors” in our 2013 Annual Report on Form
10-K for the fiscal year ended December 31, 2013 that we filed with the
SEC on March 25, 2014, and readers of this news release are urged to
review that additional information contained in that Annual Report. Due
to these and other possible uncertainties and risks, readers are
cautioned not to place undue reliance on the forward-looking statements
contained in this news release, which speak only as of today's date, or
to make predictions based solely on historical financial performance. We
also disclaim any obligation to update forward-looking statements
contained in this news release or in the above-referenced 2013 Annual
Report, whether as a result of new information, future events or
otherwise, except as may be required by law or NASDAQ rules.
Copyright Business Wire 2015