Highland Capital Management Announces Sub-Advisor for the Highland Total Return Fund and Expense Caps for Three Additional Funds
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.
- Dallas, TX (1888PressRelease) February 20, 2015 - 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."
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