Everyone's favorite destructor of value Jim Dondero has provided a nice presentation on the "performance" of the Highland Credit Strategies Fund. Seeing how this is among the top 10 pro-cyclical (i.e. poised to outperform in a squeeze) it would not be a surprise if Dondero pulls a Weinstein and manages to start a brand spanking new hedge fund as investors and FoFs on the sideline believe he has learned his lessons and will never again lose billions and billions of AUM.
The link to the presentation webcast can be found here. Make sure you open it in IE6.0 or higher or else your computer will explode.
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