Highland Capital Management

Anyone know anything about Highland Capital Management's NY office? Size, culture, how desks are structured? Comp would be great but I know that's asking a lot.

I know Highland's got a wide range of credit strategies and is pretty big in the CLO/leveraged loan space, but that they also have some mezz/distressed/opportunity funds and a loan-to-own PE fund and I guess even a L/S equity fund. Any color on which products/desks are run out of NYC would be great-Dallas is the home office and I believe the biggest, so not sure how things would be split up.

Seems like they've managed to move past their issues from gating their funds during the down-turn and are going to survive?

 

Not sure about the split but I have an acquaintance that works there who says that morale is pretty low. There are two types of people who work there: those who are openly looking for another job and those who are secretly looking for a new job.

Things may have improved over the last year or so, but I doubt it. I know guys who were screwed out of their "guaranteed" bonuses. It's big and has a name, but I'm not so sure it's a good one.

 

I was approached by a recruiter and ended up declining because (my memory is fuzzy, I could be slightly off here) base salary was 75-80k or something like that.

They do apparently dress up in costume on halloween so maybe its chill there? (Or creepy).

 

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