Highland Capital Management Hires Chris Yoon to Lead Newly Opened Seoul Office to Serve Growing Demand from Korean Investors

SEOUL, South Korea, Sept. 1, 2011 /PRNewswire/ -- Highland Capital Management, L.P. ("Highland"), a Dallas-based investment management firm with approximately $23 billion in assets under management, announced today that it has opened an office in Seoul, South Korea to be headed by Chris Yoon who has joined as Director of Business Development, Korea. Highland's office is located in the Center 1 building in the heart of Seoul's central business district.

Mr. Yoon will manage Highland's business operations and investor relations in Korea. He will also be responsible for developing strategic relationships with key securities and asset management companies. Mr. Yoon and the Highland Korea team will report into the firm's Asia-Pacific Regional office, located in Singapore.

"With its dynamic capital and financial market growth and development and rapid expansion of its pension systems, there is strong demand for Highland's specialized investment products in Korea," said James Dondero, President and co-founder of Highland. "Korea is one of our top growth areas in Asia and we are excited to be on the ground to help Korean institutions achieve their investment goals."

Clay Shumway, Managing Director and Head of Business Development of Highland said, "Chris's experience and expertise enhances Highland's presence as a leading global alternative investment manager and our commitment to provide Korean clients with high quality investment solutions and service."

Mr. Yoon has deep and broad experience across investment and portfolio management, alternative investment analysis, corporate finance advisory services, and marketing alternative investment products. Prior to joining Highland, he served as Director, Alternative Investments at Asia Pacific Capital in Seoul. Prior to Asia Pacific Capital, Mr. Yoon worked in Seoul for Macquarie Securities Korea and KPMG Samjong Investment Advisory. He earned an MBA in Finance and Management at Columbia University and a BA in Economics at the University of California, Berkeley.

About Highland Capital Management, L.P.

Highland Capital Management, L.P. is a SEC-registered investment adviser with approximately $23 billion of assets under management. It is one of the largest and most experienced global alternative credit 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, Singapore, and Seoul.

SOURCE Highland Capital Management, L.P.