Michael Gregory Receives 2011 Institutional Investor Rising Stars of Mutual Funds Award

DALLAS, April 11, 2011 /PRNewswire/ -- Highland Funds Asset Management, L.P. ("Highland") announced that Michael Gregory, portfolio manager of the Highland Long Short Healthcare Fund (HHCAX) has received a 2011 Rising Stars of Mutual Funds award which was presented by Institutional Investor at a ceremony in New York City.

"I am honored for this recognition, which further highlights our innovation in running the first and only long/short healthcare equity mutual fund in the industry," said Mr. Gregory.

"It is gratifying to see Michael receive this honor," said Joe Dougherty, President and CEO of Highland Funds. "It speaks to our mission to bring innovative investment opportunities with the highest level of service to our investors."

The 18th Annual Mutual Fund Industry Awards recognized the funds, fund leaders, marketers, trustees and independent counsel who stood out for their successes, achievements and contributions in 2010. The Rising Stars of Mutual Funds category honors up-and coming 'Rising Stars' whose accomplishments in, and contributions to the industry surpasses benchmark among their peers and position to be future thought leaders of the industry.

Nominees are selected by the editors and publishers of Institutional Investor News' Fund Action and Fund Directions and industry leaders.

For more information, please visit http://www.iinews.com/site/mfa11/risingstars.asp.  

About Institutional Investor

For more than 30 years, Institutional Investor has recognized people and companies in the U.S. and around the world for performance and professional excellence. The integrity of Institutional Investor's editorial and research-supported rankings and awards have earned the highest regard in the industry and continue to set the standard by which excellence is measured.

About Highland Funds Asset Management

Based in Dallas, Texas, Highland Funds Asset Management is an SEC registered investment advisor to the Highland Funds. Highland Funds is known as one of the premier providers of unique fund strategies distributed through financial intermediaries. The Highland Funds complex consists of a number of distinct registered investment companies falling into three types: open-end "mutual" funds; closed-end "interval" funds; and traditional closed-end funds, with a total of over $3.3 billion in retail assets under management. Highland Funds Asset Management is affiliated with Highland Capital Management, L.P., which is one of the largest and most experienced global alternative fixed income managers with approximately $22 billion of assets under management.

Investors should consider the investment objectives, risks, charges and expenses of the Highland Funds carefully before investing. Please call 1-877-665-1287 or visit www.highlandfunds.com for more information on the Funds. Please read the prospectus carefully before you invest.

Securities may be offered through NexBank Securities, Inc., an affiliate of Highland Capital Management, L.P. NexBank Securities, Inc. is a FINRA member firm.

SOURCE Highland Funds Asset Management, L.P.