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Highland Capital Management launches BB Highland Floating Rate Fund
By Tali Rackner
Norfolk, Va., Sept. 3 – Highland Capital Management, LP announced the launch of the BB Highland Floating Rate Fund, which it has launched as an Irish Qualified Investor Fund in partnership with Banco do Brasil, according to a press release.
The fund is designed to replicate the Highland Floating Rate Opportunities Fund by investing primarily in U.S. bank loans and other floating-rate products that seek to generate yield in a rising interest rate environment.
The fund will target an investor base comprised of investors from Europe, Latin America and Asia. It is designed to provide foreign investors with access to the U.S. bank loan market through one of the largest and most experienced global senior loan managers, the release said.
As sub-advisor of the fund, Highland will have discretion and authority over all investment decisions. The fund will offer bimonthly liquidity.
Highland Capital is a Dallas-based investment management firm.
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