NEW YORK, Feb. 14, 2012 (GLOBE NEWSWIRE) -- The Securities Law Firm of Shepherd Smith Edwards & Kantas LLP, www.sseklaw.com, is currently investigating claims on behalf of clients of the Highland Floating Rate Funds, which have produced negative returns over five years, and continues to be a source of dismay for investors. Funds include the Class Z Shares, Class C Shares, and Class A Shares.
The Highland funds are purported to use leverage to up the yield potential while aiming for credit risk management and capital preservation. Many of the investors that chose to back the Highland Floating Rate Funds did so because they thought that a greater return was offered without the downside of substantial risks. However, a reason that the funds didn't do well is that the loans they were invested in had been rated as "junk" or lower than investment grade. Last year, the Highland Floating Rate Fund and the Highland Floating Rate Advantage Fund became the Highland Floating Rate Opportunities Funds (Class C shares, B shares, Class Z Shares, and Class A Shares).
If you feel you may have lost money investing through Highland Floating Rate Funds we would like to hear from you. Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and staff with more than 100 years of combined experience in the securities industry and in securities law. Since 1990, we have represented thousands of investors nationwide to recover losses. We have represented clients in Federal and State courts and in arbitration through the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. Collectively, we have represented over 1,000 investors over the last 18 years in negotiation, mediation, arbitration and litigation.