Highland Capital Adds to Business Development Staff

Jan 06, 2010, 09:19 ET from Highland Capital Management, L.P.

DALLAS, Jan. 6 /PRNewswire/ -- Highland Capital Management L.P. ("Highland"), an investment management firm based in Dallas, Texas, announced today that Clay Shumway has joined the firm as a director in its business development group.

Mr. Shumway will help Highland develop and manage relationships with institutional investors, including public and corporate pension plans, endowments and foundations and wealth management firms. He reports to Kevin Latimer, partner, head of business development and marketing for Highland. Mr. Shumway will be based in Dallas.

"Clay's strong experience and stellar leadership add additional depth to our business development team. He will be a great resource for institutional investors seeking to learn more about Highland Capital, our vast credit expertise, and our commitment to providing investment solutions and high quality service to our clients," said Kevin Latimer.

Mr. Shumway said, "Highland is one of the industries' best asset and credit managers, with an excellent long-term track record and a strong position from which to generate further growth. I look forward to working with Highland's investors to achieve their goals by leveraging the firm's broad investment expertise and commitment to exceptional client service."

Mr. Shumway has 10 years of investment industry business development experience. He joins Highland from Newcastle Capital Management, where he was Vice President of Business Development and Investor Relations. Before that, he held the same position at Swank Capital. Earlier in his career, he held sales roles with JPMorgan and Goldman Sachs. Mr. Shumway has a MBA in Investments and Finance from the University of Notre Dame, and a B.S. in Economics from the University of Utah.

About Highland Capital Management

Highland Capital Management, L.P. is an SEC-registered investment adviser with approximately $25 billion of assets under management. Highland is one of the largest global alternative fixed income managers, specializing in bank loans, high yield credits and structured products. Its credit team remains one of largest and most experienced in the industry. The firm's in-house restructuring and private equity staff provides its clients with strategy, M&A and operations capabilities. Highland's diversified client base includes corporations, financial institutions, governments, foundations and endowments, and high net worth individuals. Highland Capital is headquartered in Dallas, Texas and maintains offices in New York, London and Singapore.



    CONTACT:

    Nina Devlin
    Edelman Financial
    212-704-8145
    nina.devlin@edelman.com

    Chris Mittendorf
    Edelman Financial
    212-704-8134
    christopher.mittendorf@edelman.com

SOURCE Highland Capital Management, L.P.