Launches & Closures

Highland expects significant investments from Asian investors

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US-based Highland Capital, which manages $24 billion in alternative fixed income strategies, expects to raise between $500 million and $1 billion from Asian investors at a time when industry sources say it is looking to launch a new credit fund. The expected long/short fund focused on mostly US credit products, with Asian investors expected to comprise a sizable portion of the investor base.

CIO Mark Okada said meetings with institutions in the region – including pension funds, insurance firms, sovereign funds and investment trusts - indicated that they might invest a total of between $500 million and $1