Hedge Funds

Highland Capital Management adds chief strategy officer

Andrew Parmentier joined hedge fund firm Highland Capital Management as a partner and chief strategy officer, said Kate Sylvester, Highland Capital spokeswoman in an email.

Both positions are new. Mr. Parmentier will also be head of thematic investing.

"Andrew embodies the entrepreneurial mindset that is in Highland's DNA," said James Dondero, Highland Capital co-founder and president, in a news release. "In a world increasingly defined by ETFs and index funds, Andrew's ability to drive innovation amid complexity and uncertainty will be invaluable."

Mr. Parmentier co-founded Height Securities, a broker-dealer, research and investment banking firm.