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Houston Muni Pension suit adds to Highland drama

May 26, 2011  

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The $2.5 billion Houston Municipal Employees’ Pension System has sued Highland Capital over the firm’s Highland Crusader Fund, which the pension fund claims was harmed due to not being managed in the best interests of the partnership and its limited partners.

The current legal action is not new for Highland, as a small group of investors in 2009 held mediation meetings with the firm...

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