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Highland Capital Management Names Co-Chief Investment Officer

Highland Capital Management L.P., a global alternative asset manager and non-traded direct investment sponsor, announced that Trey Parker has been named co-chief investment officer. Parker will join Highland co-founder Mark Okada in the CIO role overseeing the $13 billion investment platform.

Since Parker joined Highland in 2007, he has risen through the investment team, ultimately becoming the head of the firm’s credit research platform, while also serving as the portfolio manager on a number of credit funds. Parker was named a partner in 2015.

“This is a well-earned promotion for Trey,” said Okada. “For over a decade Trey has been a driver of operational alpha in numerous areas across the firm, from streamlining research and risk management processes to enhancing collaboration across disciplines—all motivated by improving client outcomes. He enters this role not only with the full support and respect from Jim and me, but also with that of the entire firm, and it’s a privilege to have him alongside me leading our investment platform.”

Both Okada and Parker will maintain their individual portfolio management responsibilities. In addition to remaining in a portfolio management role on various institutional funds and separate accounts, Okada will continue to serve as co-portfolio manager of the Highland Floating Rate Opportunities Fund and the Highland iBoxx Senior Loan ETF. He will also remain head of Acis Capital Management, Highland’s structured products business.

Parker will remain the portfolio manager of his respective institutional funds and separately managed accounts, as well as maintaining his role as co-portfolio manager on the Highland Opportunistic Credit Fund. Parker will continue to serve on the executive committee and the credit and private equity investment committees, but as co-CIO will also join the equity and structured products investment committees.

In conjunction with Parker’s new position, Highland has named Jon Poglitsch as head of credit research. Poglitsch will assume Parker’s previous responsibilities leading the credit research team and platform.

Highland Capital Management L.P. is an SEC-registered investment adviser that, together with its affiliates, has approximately $13 billion of assets under management. Highland is the sponsor of NexPoint Real Estate Strategies Fund, an interval fund, and NexPoint Capital Inc., a non-traded business development company.

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