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Highland Capital Management announces expense cap for Global Allocation Fund


Dallas-based investment management firm Highland Capital Management Fund Advisors has announced a 0.65 per cent expense cap on the Highland Global Allocation Fund (HCOAX).

Highland’s Global Allocation Fund (HCOAX) is a best in class strategy that invests across multiple asset classes and geographies with the goal of generating alpha in any economic environment. As of 30 September 2014, Morningstar ranked the Fund Class Y number one based on Total Return for the one year period among 506 World Allocation Funds.
Highland now has either expense caps or fee waivers in place in over half (eight out of 13) of its mutual funds. During the 12 months ending June 2014 Highland contributed approximately USD16 million to support these caps and waivers. Most recently, Highland instituted an expense cap on the Highland Small Cap Equity Fund (HSZAX) in August.
“We remain committed to providing compelling differentiated strategies at a competitive price,” says Ethan Powell, Highland’s chief product strategist. “Highland’s goal is to offer investors access to best in class performance with fees that are either at or below the industry average.”
Highland also announced that the Highland Fund board has approved the annual renewal of the Highland advisory contract, making December 2014 the ten year anniversary of Highland offering their investment expertise in open ended mutual funds.
“We have been a pioneer in the liquid alternatives space since 2004,” says Powell. “These expense caps are part of our ongoing commitment to providing investors with lower fee alternatives to strategies that were previously exclusive to hedge funds.”

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