DALLAS, Oct. 7, 2015 /PRNewswire/ — Highland Capital Management, L.P. (“Highland”), a Dallas-based investment management firm, which together with its affiliates has approximately $21 billion in assets under management, announced the hiring of Patrick J. “PJ” McDaniel as National Sales Manager for Highland’s Independent Broker-Dealer Channel. Mr. McDaniel will report toBrad Ross, President of Highland Capital Funds Distributor, Highland’s distribution company for its retail, publicly registered products.
Mr. McDaniel will leverage his extensive network to expand Highland’s current outreach to top-tier independent advisors. He will also help build and manage the sales team for non-traded and mutual fund products while helping to develop new offerings within the independent broker-dealer space.
“Mr. McDaniel’s appointment represents one of the last pieces of the puzzle for Highland’s non-traded assets. We have assembled an outstanding team and Mr. McDaniel’s extensive experience and excellent track record will further enhance Highland’s penetration of the independent broker-dealer network,” said Brad Ross.
With regard to his new appointment, Mr. McDaniel commented, “Highland is extremely well-positioned to build upon its already successful array of products. I’m excited to contribute to Highland’s 20-year history of pioneering innovative solutions for its clients.”
Patrick J. McDaniel joins Highland from S.C. Distributors where he was a Divisional Sales Manager. Mr. McDaniel is a 15-year veteran of the financial services industry whose work history includes positions at KBS Capital Markets Group and Credit Suisse First Boston.
About Highland Capital Management, L.P.
Highland Capital Management, L.P. is an SEC-registered investment adviser which, together with our affiliates, has approximately $21 billion of assets under management. Founded in 1993 by James Dondero and Mark Okada, Highland is one of the largest and most experienced global alternative credit managers. Highland specializes in credit strategies, such as credit hedge funds, long only funds and separate accounts, distressed and special situation private equity, and collateralized loan obligations (CLOs). Highland also offers alternative investments, including emerging markets, long/short equities, and natural resources. Highland’s diversified client base includes public pension plans, foundations, endowments, corporations, financial institutions, fund of funds, governments, and high net-worth individuals. Highland is headquartered in Dallas, Texas and maintains offices in New York, Sao Paolo, Singapore, andSeoul.