(Bloomberg) -- Highland Financial Partners LP, a money manager that specializes in owning in the riskiest portions of structured debt securities, filed for an initial public offering of shares.
Highland Financial Partners mainly earns income by owning collateralized debt obligations managed by its Highland Capital Management LP affiliate, according to a filing April 27 with the Securities and Exchange Commission. Highland Capital was founded in 1993 and manages more than $33 billion in assets, the filing said. Both companies are based in Dallas. Highland Financial is a holding company set up last year by Highland Capital.
Read more at Bloomberg Bonds News
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