Highland Capital Management, L.P. ("Highland"), a Dallas-based investment management firm, which together with its affiliates has approximately $20 billion in assets under management, announced that the Highland Long/Short Healthcare Fund (HHCAX) received a 2015 HFM US Hedge Fund Performance Award in the "40 Act fund – equity" category.
"Winning the HFM US Hedge Fund Performance Award is a testament to the deep experience and healthcare investment expertise of Michael Gregory and his team," said James Dondero, Co-Founder and President for Highland Capital Management.
The HFM US Hedge Fund Performance Awards recognize hedge funds, fund of funds and '40 Act funds that have outperformed their peers based on a number of both quantitative and qualitative factors. Judges take into consideration one-, three- and five-year performance data, as well as pedigree of the manager and reputation with investors.
The Highland Long/Short Healthcare Fund is managed by Michael Gregory, Managing Director and Head of Healthcare Credit and Equity at Highland Capital Management. Healthcare is Highland's largest investment sector with over $3 billion in assets under management, and the firm has a dedicated team of 11 healthcare sector-specialists with 130 years of combined experience. Michael Gregory is also CIO and Global Head of Highland Alternative Investors.
"We remain focused on delivering strong, repeatable performance for our investors," said Michael Gregory. "This award is indicative of the success of our investment process and risk management infrastructure, and a credit to the hard work and intensity of the team."
The Highland Long Short Healthcare Fund aims to provide investors with long-term capital appreciation by pairing effective risk management with alpha generating potential from long and short investments in public equities across all market capitalizations in the Healthcare industry.
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