Highland Awards a Sub-Advisory Mandate for its Healthcare Fund
Reported by Armie Margaret Lee
Highland Capital Management hired Cummings Bay Capital to sub-advise its Healthcare Fund. The $7.8 million fund is now known as the Highland Long/Short Healthcare Fund, reflecting the change in its investment strategy as a result of the appointment of Cummings Bay.
A spokesman for Highland confirmed that the fund had previously been managed in-house.
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