Loss-ridden Highland creates risk, sales posts to entice new investors

Wed Jul 30, 2008



Still regrouping from large losses in late 2007 and 2008 that have left its hedge funds down by double digits, Dallas-based Highland Capital Management has created the post of risk management chief, elevating chief financial officer Kenneth McGovern to the role. The firm has also created a new institutional sales head position, bringing on a Bear Stearns veteran to fill it.

These...

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