Update: as Lucy Bannon of Highland Capital Management writes, "HCMLP directly holds an immaterial amount of NXRT, totaling approximately 3.95% of market cap or less than one million shares. The other NXRT shares that are reported as owned by HCMLP are from officers, directors and other affiliates, and are therefore not subject to the HCMLP bankruptcy filing."
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In the latest bizarre development to hit the flailing world of hedge funds, this morning Bloomberg first reported that one of the largest and well-known hedge funds, James Dondero's Highland Capital Management had filed for bankruptcy. Dondero's signature on the Chapter 11 filing which hit Delaware Bankruptcy Court this morning, docket 19-12239, is shown below.
http://www.zerohedge.com/markets/unit-multi-billion-hedge-fund-highland-capital-files-bankruptcy
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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