Highland hit with lawsuit from disgruntled investors

Fri Jul 10, 2009




A group of investors who claim fund managers at Highland Capital Management downplayed the extent of the firm’s redemption requests to convince them to invest in two of its funds have filed a lawsuit against the firm, which subsequently closed both funds.

LV Highland Credit Feeder Fund, a portfolio run by Long Vue Advisors – a defunct Boston-based fund of hedge funds firm – is leading a group of wealthy individuals and charitable organizations that invested with Highland to seek restitution.

The group, which placed a combined...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI