Hedge Funds

Highland expands ABS credit team

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Asset- and mortgage-backed securities specialist Highland Financial Holdings Group has expanded its ABS credit team with the hire of Andrey Krakovsky, a vice president in emerging markets trading at Morgan Stanley. At Highland, Krakovsky will serve as director and portfolio manager for the Highland Special Opportunities Fund.

Krakovsky will focus on investing in and managing all types of synthetic exposures related to credit-oriented securities within the ABS, residential MBS and commercial MBS markets. The fund was an early mover in the emerging ABS credit derivatives market.

Meanwhile, Highland is gearing up for the launch of its third hedge