Highland Capital Management said Monday that Andrea Lloyd has rejoined the firm as a credit trader, while Scott Baker was named a director. Lloyd will be responsible for trading bank loans and high yield bonds in the primary and secondary markets. Baker will be responsible for identifying new opportunities, assessing risk and conducting due diligence on the firm’s investment ideas.
Highland Capital Management, L.P. (“Highland”), a Dallas-based investment management firm, which together with its affiliates has approximately $19 billion in assets under management, today announced the appointments of Andrea Lloyd as Credit Trader and Scott Baker as Director.
Andrea Lloyd re-joined Highland as a Credit Trader and is responsible for trading bank loans and high yield bonds in the primary and secondary markets. She reports to Josh Terry , Managing Director and Head of Structured Products and Trading, and is based in the firm’s Dallas office.
Mrs. Lloyd traded loans and bonds at Highland for more than six years. Previously, she worked at a hedge fund of funds in Santa Barbara, CA as Vice President of Investor Relations, where she handled a variety of investor dealings, performance, portfolio rebalancing and financials. Prior to initially joining Highland, Mrs. Lloyd was a financial analyst with Accenture where she worked in the Marketing and Communications group, aiding in budget planning and forecasting. She received a BBA in Finance from Texas Christian University.
Scott Baker has joined the firm as a Director and is responsible for identifying new opportunities, assessing risk and conducting due diligence on the firm’s investment ideas, as well as developing investment recommendations. He reports to Martin Downen , Managing Director, and is based in the firm’s Dallas office.
Before joining Highland, Mr. Baker worked as an Investment Associate for Sankaty Advisors, the credit affiliate of Bain Capital. He focused on long/short investments throughout the capital structure, primarily in the Consumer, Food and Beverage spaces. Prior to Sankaty, he was a Senior Associate for Mesirow Financial Consulting, where he was in the Corporate Restructuring and Turnaround group. Prior to that, Mr. Baker worked as a Junior Analyst for Bank of America Securities on the high yield research desk covering the healthcare industry. Mr. Baker received his BS in Finance from the University of Kansas.
“These hires illustrate Highland’s continued efforts to strengthen the credit team and its capabilities,” said Mark Okada , co-founder and Chief Investment Officer. “With the addition of Mrs. Lloyd and Mr. Baker, we continue to seize opportunities across structured credit.”
About Highland Capital Management, L.P.
Established in 1993, Highland Capital Management, L.P. is an SEC-registered investment adviser which, together with its affiliates, has approximately $19 billion of assets under management. Highland is one of the largest and most experienced global alternative credit managers. The firm specializes in credit strategies, such as credit hedge funds, long-only funds and separate accounts, distressed for control private equity, and collateralized loan obligations (CLOs). Highland also offers alternative investments, including emerging markets, long/short equities, and natural resources.
Highland’s diversified client base includes public pension plans, foundations and endowments, corporations, financial institutions, fund of funds, governments, high net-worth individuals, and mutual fund investors. The firm is headquartered in Dallas, Texas and maintains offices in New York, London, Singapore, and Seoul.
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