Highland Capital Management Announces Sub-Advisor for the Highland Total Return Fund and Expense Caps for Three Additional Funds

DALLAS–(BUSINESS WIRE)–Dallas-based investment management firm Highland Capital Management Fund Advisors, L.P. (together with its affiliates “Highland”), has announced that First Foundation Advisors, the wholly owned subsidiary of First Foundation Inc. (NASDAQ: FFWM), has been appointed as the exclusive sub-advisor for the Highland Total Return Fund. First Foundation Advisors was selected by the Board of Trustees for Highland Funds.

“We are pleased to expand our relationship with First Foundation Advisors,” said Ethan Powell, Highland’s Chief Product Strategist. “First Foundation has a strong track record and an investment process that aligns with the objectives of the Highland Total Return Fund.”

First Foundation Advisors also serves as the exclusive sub-advisor for the Highland Fixed Income Fund and the Highland Tax Exempt Fund.

In addition, Highland is pleased to announce expense caps for the Highland Total Return Fund, Highland Tax Exempt and Highland Fixed Income Fund. The expense caps are 0.95%, 0.65% and 0.65%, respectively. The expense caps are effective as of February 1, 2015.

“We now have expense caps in place on 11 of our 13 mutual funds,” said Powell. “The implementation of these expense caps further demonstrates our continued commitment to providing our investors with differentiated strategies at a competitive price.”

About Highland Capital Management Fund Advisors

Highland Capital Management Fund Advisors is a SEC-registered investment adviser which, together with its affiliates, has approximately $20 billion of assets under management. Founded in 1993 by Jim Dondero and Mark Okada, Highland is one of the largest and most experienced global alternative asset managers. Highland specializes in a wide range of investments, including emerging markets, long/short equities, real estate and natural resources as well as credit hedge funds, long only funds and separate accounts, distressed and special situations private equity, and collateralized loan obligations (CLOs). 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, and Seoul.

About First Foundation

First Foundation, a financial institution founded in 1990, provides integrated investment management, wealth planning, consulting, trust and banking services. The company is headquartered in Irvine with offices in Newport Beach, Pasadena, West Los Angeles, San Diego, Palm Desert and the Imperial Valley in California, and Las Vegas, Nevada. More information is available at www.ff-inc.com.