DALLAS, Jan. 8, 2014 – Highland Capital Management, L.P. (“Highland”), a Dallas-based investment management firm, which together with its affiliates has approximately $18 billion in assets under management, today announced that Bob Froehlich and Terrence Jones have been named to the board of directors for Highland Funds and the NexPoint Credit Strategies Fund.
“Bob and Terrence will both be fantastic additions to our board,” said Brad Ross, President of Highland Funds. “Their respective experiences in global business will nicely complement the current board members and their expertise will be critical to our mission of delivering value to our investors. We expect to continue to achieve great success with them as part of the board.”
Bob Froehlich, Ph.D., is a global business leader who leverages extensive board experience at the public, private, mutual fund, and not-for-profit level by bringing financial expertise, investment knowledge, and a global perspective that includes “hands-on” experience at both the public and private sector. Dr. Froehlich currently serves on the board of trustees of AR Capital Real Estate Income Fund, several affiliates of American Realty Capital, and Davidson Investment Advisors, Inc. Previous board experience includes RCS Capital Corporation, Inc., University of Dayton, McCarthy, Cristanti & Maffei, Inc., and Hamilton County (Ohio) Children’s Services Commission. Dr. Froehlich has held senior executive roles at The Hartford Mutual Funds, Deutsche Asset Management, and Van Kampen American Capital. Dr. Froehlich holds a Bachelor’s degree and a Masters in Public Policy from the University of Dayton, a Masters degree from Central Michigan University, and a Ph.D. from California Coast University. Dr. Foehlich and his wife live in Willowbrook, IL and have two daughters.
Terrence Jones has nearly 30 years of experience working in the financial sector. He has held senior roles at Banco Santander, Goldman Sachs, Arden Asset Management and Morgan Stanley Asset Management. Mr. Jones currently serves on the board of Genworth Life Insurance Company of New York as a member of the Executive Board and Audit Compensation Committees. He also serves on the board of Father Judge High School in Philadelphia, PA. Mr. Jones has a Bachelor’s in economics and a Masters in Business Administration from Columbia University. He lives in Cranbury, NJ with his wife and three children. He is a volunteer youth coach for football, basketball, track and lacrosse, and also participates in Masters Track & Field events.
The appointment of Dr. Froelich and Mr. Jones is effective as of December 6, 2013. Their term on the board for NexPoint Credit Strategies Fund will run for 3 years, while their term on the board for Highland Funds will be indefinite.
About Highland Capital Management
Highland Capital Management is an SEC-registered investment adviser which, together with its affiliates, has approximately $18 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.