DALLAS, Feb. 24, 2014 – Highland Capital Management, L.P. (“Highland”), a Dallas-based investment management firm, which together with its affiliates has approximately $19 billion in assets under management, announced the appointment of Jennifer Ricci as Director of National Accounts for the Independent Broker Dealer channel for Highland Capital Funds Distributor, Inc.Ms. Ricci will report to Brad Ross, President of Highland Capital Management Fund Advisors, L.P.
Ms. Ricci will be responsible for building out the sales groups for Highland’s non-traded products, which it plans to launch later this year. Ms. Ricci will have a retail focus and will be responsible for increasing sales of Highland’s liquid alternative mutual funds in the independent channel. The hiring of Ms. Ricci marks Highland’s entrance into the non-traded space. Ms. Ricci’s strategic relationships in the independent broker dealer channel and her vast experience in non-traded products will help Highland to grow its business and broaden its reach into new sales channels. With the addition of Ms. Ricci, Highland is now well-positioned to be the premier alternatives provider to independent brokers.
“Ms. Ricci’s appointment directly highlights our commitment to expanding the visibility of Highland’s alternative product offerings,” Ross said. “Her experience and relationships in the sector will be instrumental in this initiative and we are excited to welcome someone with such an impressive track record to the team.”
Ms. Ricci has spent the last eight years of her career working with clients in the independent broker dealer channel and has been directly responsible for marketing product lines including REITs, Reg D, and DSTs,. She joins Highland from Independence Realty Securities, a subsidiary of RAIT Financial Trust, where she successfully expanded distribution and built out the firm’s selling group. Prior to this, Ms. Ricci served as Vice President of National Accounts for Blue Rock Real Estate.
“Highland was very attractive to me as a company that’s well-poised to capitalize on the ongoing demand for real estate investments and other alternative products,” Ms. Ricci added. “The firm’s alternative strategies truly set it apart from the broader market and uniquely position Highland to meet the various needs of today’s investors.”
Ms. Ricci earned her B.B.A. from Boise State University and holds the Series 7, 22, and 63 FINRA licenses.
About Highland Capital Management, L.P.
Highland Capital Management is an SEC-registered investment adviser which, together with its affiliates, has approximately $19 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 credit managers. Highland’s strategies include collateralized loan obligations (CLOs), high yield bonds, distressed credit, public and private equities, structured products and natural resources.