Highland Capital Management has named a new co-CIO to join
Mark Okada in managing its $13 billion under management.
Trey Parker, previously head of Highlands credit
research platform, has been promoted to the newly created role.
Both Parker and Okada will retain their current portoflio
The alternative asset management firm said it added the new
co-CIO position in order to keep up with increasing investor
It gives me the ability to do my job better,
Okada said. The two of us have been around a long time
doing this. Our skills are complementary and
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Parker has worked for Highland since 2007, serving as the
portfolio manager for several of the firms credit funds.
He previously was a senior associate at Hunt Special Situations
Group, where he sourced and executed private-equity deals in
distressed and turnaround situations.
Jon Poglitsch, who works as a managing director in
Highlands credit department, will step into Parkers
According to Okada, his role has been expanding over the
years. He said sharing the CIO job with Parker will allow him
to spend more time on the big picture, while Parker will dig
into the more granular parts of the role.
None of this is changing the way were managing
money, Okada said.
Parker agreed, adding that the change will help the firm
get more things done on the offensive side.
We are trying to create an enhanced scalability,