Maureen Mitchell Joins HCM

Maureen Mitchell has joined Highland Capital Management as a managing director, in charge of institutional sales. She previously was a senior managing director with Bear Stearns Asset Management.

PRESS RELEASE

Highland Capital Management, L.P. announced today that Maureen Mitchell has joined the firm as a Managing Director, to head institutional sales globally.   The addition of a highly experienced sales leader in this newly created role strengthens Highland's distribution capability for its broad range of alternative fixed income strategies.  Ms. Mitchell will report to Jack Yang, Partner and head of business development, and will manage sales professionals focused on the full range of  institutional channels, including endowments and foundations, public funds, insurance companies, corporations, and  fund of funds as well as investment consultants around the globe.  Ms. Mitchell will continue to build the institutional client team in the coming months with additional hires, reflecting Highland Capital's commitment to deepening its relationships with institutional investors.

Commenting on Mitchell's hire, Mr. Yang said “The tremendous demand for proven alternative investment managers among institutional investors has resulted in strong interest in Highland Capital, particularly since markets have become more volatile. We see the opportunity to significantly grow our investor franchise.” He added, “Maureen is a highly respected industry veteran with broad knowledge of the marketplace for alternative investments and demonstrated management ability.  She is an outstanding choice to lead this strategically important initiative for us.” 

“Highland Capital has made great strides to leverage its credit expertise into new product areas for investors in pursuit of alpha. The firm has maintained an excellent long-term track record during one of the most challenging credit market environments of the past century.  My goal is to provide exceptional client service to our investors, and to extend Highland Capital's distribution capabilities given its quality product line-up,” Ms. Mitchell said.  “I am excited to join such a best-in-class manager.”

Ms. Mitchell has over 25 years of investment management industry experience.  Prior to joining Highland Capital, she was a Senior Managing Director at Bear Stearns Asset Management (BSAM) for ten years where she successfully led that firm's global institutional distribution efforts.  Prior to BSAM, Ms. Mitchell was with Zurich Scudder where she launched a variety of alternative investment products, and covered key consultants and institutional investors.  Before joining Zurich, she was a Vice President and national marketing manager with US Trust, where she led the firm's sales efforts in the foundation and endowments segment.  Ms. Mitchell began her asset management career at Bankers Trust Company.  Ms. Mitchell holds a B.A. in History (cum laude) from City College of New York, and an MSW in Planning & Administration from Fordham University.  She is currently a member of the Investment Committee of Lebanese American University.

About Highland Capital Management, L.P.

Highland Capital Management, L.P., a leading alternative investment management firm, was founded in 1993.  The firm currently manages more than $38 billion in assets, with expertise across a diversified set of asset classes including senior secured loans, high yield bonds, mezzanine debt, distressed investments, structured products, European credit, real estate and equities.  The company provides asset management solutions to a broad range of institutional and high-net-worth investors.  The firm is headquartered in Dallas, with offices in New York and London.  Information regarding Highland Capital is available on the Internet at www.hcmlp.com.