Hedge Funds

Highland's credit hedge fund strategy seeks to deliver attractive absolute returns with low volatility through superior credit selection and risk management.  Our approach is to maintain flexibility to invest across various asset classes to nimbly capture opportunities.  We also allocate opportunistically using several fund strategies:
  • Event Driven
    • Seeks to exploit pricing inefficiencies in a company's capital structure, or that occur before or after a corporate event, such as a restructuring, earnings announcement, merger or acquisition or an industry wide catalyst such as regulation or tax code changes
  • Long/Short
    • Seeks to generate alpha through the purchase of bank loans and high yield bonds and the short selling of high yield credit default swaps, high yield bonds, investment grade bonds, and other instruments
  • Distressed Liquid Opportunities
    • Aims to identify mispricing in credit markets, purchasing assets that have fallen to distressed price levels and seeks to capture capital appreciation as the assets recover in price within a six to twelve month time frame
  • Special Situations
    • Targets nimbly capturing opportunities from dislocated markets and/or sellers, short-term trading opportunities, and other areas of high yield debt, such as structured credit

Leadership

Mark Okada, CFA - Co-Founder, Chief Investment Officer

Mr. Okada is Chief Investment Officer of Highland Capital Management, L.P. He is responsible for overseeing Highland’s investment activities for its various strategies. Mr. Okada is a pioneer in the development of the bank loan market and has over 25 years of credit experience.
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Amit Walia, CFA - Partner, Co-Head of Research

Mr. Walia is a Partner and Co-Head of Research at Highland Capital Management, L.P.
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Trey Parker - Managing Director, Co-Head of Research

Mr. Parker is Managing Director and Co-Head of Research at Highland Capital Management, L.P.
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