Highland Capital Management, L.P. is an SEC-registered investment advisor. Highland’s workforce consists of employee partnerships. It is an alternative investment management firm that manages hedge funds, structured investment, and distressed investment funds. Highland with its affiliates has approximately $14.8 billion of assets. Highland was founded in 1993 and is based in Dallas and maintains offices in New York, Sao Paulo, Singapore, and Seoul.
Highland specializes in alternative investments which include emerging markets, long/short equities, and natural resources. Over the past 20 years, Highland’s base is diverse, including pension plans, foundations, endowments, corporations, governments and financial institutions.
Its investment opportunities include energy. The Highland Energy Multi Level Partnership (MLP) Fund provides its investors with both current income and capital appreciation. The MLP’s sponsors are pipeline customers for oil producers.
The Highland Small-Cap Equity Fund (HSZAX) generated a 32% return for its investors on energy stock in 2016. The fund has about $55 million in assets. The Highland Small-Cap Equity Fund, as of the end of 2016, allocated 9% for real estate, 10% for financials, 11% for customer discretionary, 16% for Energy MLP and 25% for health care.
The health care fund addresses the opioid addiction crisis. Collegiums Pharmaceutical Inc. produces a less addictive pain reliever and as such, is a potential sound investment. The manager of the health care sector is very interested in the outcome of clinical trials that are alternatives to the use of opioid. Collegiums Pharmaceutical Inc. developed Tampa ER, a pain reliever drug which is designed to reduce the chances of addiction. Thus, if the sales of Tampa ER increase, Collegiums would be a sound investment. The performances of companies in the other sectors are continually being tracked for investment potentials, such as the multifamily real estate investment trusts and pipeline operators.
The Highland Capital Management Partners functions as an innovation center for grooming entrepreneurs from the start-up stage. At this point, at least 64 companies are being followed by the Highland Capital Partners. Zero FOX protects organizations from the risks of social networking, and Harry’s makes the best razors for the smoothest shave.