Highland Capital Management Adds to Business Development Staff

DALLAS, March 30, 2011 /PRNewswire/ -- Highland Capital Management, L.P. ("Highland"), an investment management firm based in Dallas, Texas, announced today that Casey Herren, has joined the firm as a Director, a newly created position at the firm.

Mr. Herren will help Highland develop and manage relationships with institutional investors, including public and corporate pension plans, endowments and foundations and wealth management firms., Mr. Herren will be based in Dallas and will report to Clay Shumway, Head of Business Development for Highland.

"Casey's strong experience in developing and growing relationships with institutional investors adds additional depth to our team, enhancing Highland's presence as a leading alternative credit manager, spanning hedge funds, private equity, and other alternatives," said Mr. Shumway. "He is a great resource for institutions to understand Highland's commitment to providing clients with high quality investment solutions. We also continue to seek other valuable additions to our team."

Mr. Herren said, "Highland is one of the most experienced alternative asset and credit managers, with a history of providing focused investment strategies that allow investors to take advantage of special opportunities across the alternative asset space. I look forward to working with institutions to help achieve their goals by leveraging the firm's extensive investment expertise and client service."

Mr. Herren has nine years of investment industry business development experience focused on the global institutional marketplace, encompassing corporate and public pension plans, endowments and foundations, sovereign wealth funds, and the investment consultant community. Prior to joining Highland, he served as Director at Vaughan Nelson Investment Management, a Houston-based asset manager, where he was responsible for building and maintaining an institutional presence for an established equity and fixed income firm. Prior to joining Vaughan Nelson, Mr. Herren held the same position at Atlantic Investment Management, a New York based long/short equity hedge fund which focuses on investments in U.S., European, and Asian industrial and capital goods companies. He has also held a similar position with Lazard Asset Management in New York City.  Mr. Herren received a BBA in Finance from Texas A&M University.

About Highland Capital Management, L.P.

Highland Capital Management, L.P. is a SEC-registered investment adviser with approximately $22 billion of assets under management. It is one of the largest and most experienced global alternative fixed income managers, specializing in bank loans, high yield credit, distressed debt, structured products, real assets, and long-short equities.

Highland's diversified client base includes public pension plans, foundations and endowments, corporations, financial institutions, fund of funds, governments, high net worth individuals, and mutual fund investors. To best meet the different goals of these investors, Highland offers a variety of product types, including credit funds, private equity-style funds, managed separate accounts, hedge funds, retail mutual funds, and collateralized loan obligations (CLOs).

Highland is headquartered in Dallas, Texas and maintains offices in New York, London and Singapore.

SOURCE Highland Capital Management, L.P.

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