New York (HedgeCo.Net) – Dallas-based hedge fund manager Highland Capital Management LP won a court ruling against some of it’s investors who believed they were misled regarding the health of two of it’s hedge funds.
Investors alleged that as a result of Highland’s misleading representations, their nearly $50 million total position will be worth a fraction of this amount once the funds’ assets are liquidated.
Last week a Dallas judge dismissed the charges, saying: “Having reviewed the evidence submitted by the parties and after conducting a hearing on the matter, the court is of the opinion that defendants’ motion should be granted.”
In October 2011 a lawsuit from the Houston Municipal Employees Pension System against Highland was also dismissed.
Highland Capital is headquartered in Dallas, Texas and maintains offices in New York, London, Singapore, and Seoul.
Alex Akesson
Editor for HedgeCo.net
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