Dallas-based investment management firm Highland
Capital Management Fund Advisors, L.P. (together with its affiliates
“Highland”), has announced that First Foundation Advisors, the wholly
owned subsidiary of First Foundation Inc. (NASDAQ: FFWM), has been
appointed as the exclusive sub-advisor for the Highland Total Return
Fund. First Foundation Advisors was selected by the Board of Trustees
for Highland Funds.
“We are pleased to expand our relationship with First Foundation
Advisors,” said Ethan Powell, Highland’s Chief Product Strategist.
“First Foundation has a strong track record and an investment process
that aligns with the objectives of the Highland Total Return Fund.”
First Foundation Advisors also serves as the exclusive sub-advisor for
the Highland Fixed Income Fund and the Highland Tax Exempt Fund.
In addition, Highland is pleased to announce expense caps for the
Highland Total Return Fund, Highland Tax Exempt and Highland Fixed
Income Fund. The expense caps are 0.95%, 0.65% and 0.65%, respectively.
The expense caps are effective as of February 1, 2015.
“We now have expense caps in place on 11 of our 13 mutual funds,” said
Powell. “The implementation of these expense caps further demonstrates
our continued commitment to providing our investors with differentiated
strategies at a competitive price.”
About Highland Capital Management Fund Advisors
Highland Capital Management Fund Advisors is a SEC-registered investment
adviser which, together with its affiliates, has approximately $20
billion of assets under management. Founded in 1993 by Jim
Dondero and Mark
Okada, Highland is one of the largest and most experienced global
alternative asset managers. Highland specializes in a wide range of
investments, including emerging markets, long/short equities, real
estate and natural resources as well as credit hedge funds, long only
funds and separate accounts, distressed and special situations private
equity, and collateralized loan obligations (CLOs). 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.
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.
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