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Securitization People and Markets

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  • A group of investors have filed a lawsuit against Dallas-based hedge fund Highland Capital Management, claiming the firm misled them about the funds’ financial health.
  • Broker-dealer BTIG has hired four managing directors to its global fixed-income team in New York.
  • Jefferies & Co. has hired Robert Leone as managing director and senior high-yield trader as part of the continued expansion of its high-yield business.
  • UBS has named Adam Behlman, a commercial mortgage-backed securities and risk management specialist, head of U.S. commercial real estate.
  • Mark Mallia, head of flow credit business for Asia Pacific at BNP Paribas, has reportedly left after one day at the office.
  • A.J. Murphy, a managing director at JPMorgan, has been hired by Bank of America Merrill Lynch to be its first-ever head of Americas leveraged loan capital markets, as it brings out its leveraged loan group from under the umbrella of global loan syndications, which is run by Tom Okel.
  • StormHarbour Partners, a boutique launched last month by ex-Citigroup trading executives Antonio Cacorino and Fred Chapey, is in the process of acquiring a U.S. brokerage.
  • Douglas J. Schneller has joined Nixon Peabody as a partner in the Global Finance and Bankruptcy groups.
  • MidOcean Partners, a middle-market private equity firm, has hired Steve Shenfeld as president to its new credit investment team.