Dallas-based alternative investment management firm Highland Capital Management Fund Advisors, has appointed First Foundation Advisors as the exclusive sub-advisor for the Highland Total Return Fund. 

First Foundation Advisors was selected by the Board of Trustees for Highland Funds.

“We are pleased to expand our relationship with First Foundation Advisors,” says Ethan Powell, Highland’s Chief Product Strategist. “First Foundation has a strong track record and an investment process that aligns with the objectives of the Highland Total Return Fund.”

First Foundation Advisors also serves as the exclusive sub-advisor for the Highland Fixed Income Fund and the Highland Tax Exempt Fund.

In addition, Highland is pleased to announce expense caps for the Highland Total Return Fund, Highland Tax Exempt and Highland Fixed Income Fund. The expense caps are 0.95%, 0.65% and 0.65%, respectively. The expense caps are effective as of 1 February, 2015.

“We now have expense caps in place on 11 of our 13 mutual funds,” says Powell. “The implementation of these expense caps further demonstrates our continued commitment to providing our investors with differentiated strategies at a competitive price.”