Highland Capital Management

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On October 16, 2008 Highland Capital Management LLC announced they will be closing two of their funds. They are closing their Highland Crusader Fund and the Highland Credit Strategies Fund. Both funds are for high-risk loans. The funds are closing due to losses in excess of $10 billion.

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Shared by: Amber Ortega
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October 16, 2008 Dallas-based Highland Capital Management announced that they will be closing flagship Highland Crusader Fund and Highland Credit Stategies Fund after losses in excess of $10 billion. In a letter sent to investors stated that 20% of the Highland Crusader Fund assets during the next six months.

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