Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies.
Highland Capital Management announced today it has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q2 2024. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.
“Successful investment strategies are the result of enormous effort, research and hard work,” said PSN Product Manager Nick Williams. “PSN Top Guns shines a light on the very best. The teams and managers behind each product showcase why SMAs continue to grow in today’s economic climate.”
Highland Capital Management received PSN Top Gun recognitions for the following categories.
For its Core Fixed Income strategy:
- 6-Star Rating, which means Highland Capital’s strategy had an r-squared of 0.80 or greater relative to the style benchmark for the recent five-year period. Moreover, the strategy’s returns exceeded the style benchmark for the three latest three-year rolling periods. Products are then selected which have a standard deviation for the five-year period equal or less than the median standard deviation for the peer group. The top ten information ratios for the latest five-year period then become the 6 Star Top Guns.
▪ Income US Fixed Income Universe
▪ Core Fixed Universe
▪ All Maturity/Variable Universe
For its SMIDCAP Core Alpha strategy:
- 4-Star Rating, which means Highland Capital had an r-squared of 0.80 or greater relative to the style benchmark for the recent five-year period. Moreover, the strategy’s returns exceeded the style benchmark for the three latest three-year rolling periods. The top ten returns for the latest three-year period then become the 4 Star Top Guns.
▪ Small-Mid Core Universe - 3-Star Rating, which means Highland Capital had one of the top ten returns for the three-year period in their respective strategy.
• Small-Mid Core Universe - 2-Star Rating, which means Highland Capital had one of the top ten returns for the one-year period in their respective strategy.
• Small-Mid Core Universe
• Small-Mid Cap Universe
• Mid Core Equity Universe
In addition, Highland Capital was recognized in the SMID Core Alpha Bull/Bear Small-Mid Core Universe category which means it had an r-squared of 0.80 or greater relative to the style benchmark for a three-year period. Moreover, the strategy had an upside market capture over 100 and a downside market capture less than 100 relative to the style benchmark. The top ten ratios of Upside Capture Ratio over Downside Capture Ratio become the PSN Bull & Bear Masters.
“We’re honored to once again be recognized as a PSN Top Gun award winner,” said Steve Wishnia, CEO of Highland Capital Management. “The credibility of the Top Gun designation is recognized throughout the industry and speaks to the commitment our team has to our clients and their financial goals regardless of market conditions.”
Through a combination PSN’s proprietary performance screens, the PSN Top Guns awards products in six proprietary categories in over 75 universes based on continued performance over time.
Highland’s Core Fixed Income Strategy provides clients with a safe/stable source of income. The firm’s size is a distinct advantage competing against large allocators of capital. Our portfolio managers can maximize yield while taking nominal duration/credit risk. Highland has been able to capture incremental yield compared to alternatives (bank CDs / money market mutual funds / etc.) Highland can also create tailored portfolio based on client’s liquidity and risk parameters. By investing in a liquid portfolio, our portfolio managers have the ability to add/reduce risk in real time.
Highland Capital’s SMIDCAP Core Alpha is a long only quantitative equity strategy managed by Highland’s Quantitative Strategy Team (QST). The strategy’s dual multi-factor modeling process generates high active factor exposure to value and momentum factors. The team seeks out performance from both security selection and sector allocation. The strategy benchmark and universe are the Russell 2500 Index.
The complete list of PSN Top Guns and an overview of the methodology can be located at https://psn.fi.informais.com/.
About Highland Capital Management
Highland Capital Management is a Memphis-based investment advisory firm founded more than 35 years ago. The company specializes in creating tailored wealth management plans with customized strategies that meet individual investment objectives. Highland Capital is committed to preserving principal value, even in difficult markets, in order to achieve long-term success. In addition to its Memphis headquarters office, the company, which is a subsidiary of Argent Financial Group, has offices across the Southeast. For more information, visit www.highlandcap.com
About PSN
For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 Years of Data Including Net and Gross-of-Fee Returns. PSN Mid-Year Outlook provides insight and trends about the SMA industry. You can view in online here. Visit PSN online to learn more.
