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K2 Advisors Named Investment Advisor by Highland Good Steward Management
Date:3/3/2009

STAMFORD, Conn., March 3 /PRNewswire/ -- Highland Good Steward Management ("HGSM") today announced it has selected K2 Advisors, L.L.C. ("K2"), a Connecticut-based investment adviser, as a sub adviser to Highland Good Steward Management ("HGSM"), an Alabama-based investment adviser. HGSM focuses on incorporating environmental, social and governance (ESG) principles into investment policies.

William "Doug" Douglass III, co-founder of K2, said, "K2 and Highland Good Steward Management have known each other for many years, and we are thrilled they have chosen our firm as a trusted investment adviser. Stability, a pillar of our firm and theirs, is of the utmost importance during these volatile markets, and we are committed to preserving and protecting our clients' capital."

William T. Mills III, managing member of HGSM and co-founder of Highland Associates, commented, "ESG investing is playing an increasingly significant role in investment affairs today including the alternatives universe, and we can think of no better partner than Doug Douglass and Dave Saunders. They have built a top-tier institutional quality firm that boasts a repeatable and sustainable investment process and a commitment to due diligence and a dedication to protecting capital. We look forward to a long and productive relationship with K2."

The appointment marks K2's third assignment to replace an existing investment sub-adviser in the past three months. In December 2008 K2 was named as sub-adviser to several Raiffeisen Capital Management fund of hedge funds portfolios. Last week, K2 was also named as sub-adviser to a large multi-national bank's fund of hedge funds portfolio based in Australia.

About K2 Advisors, L.L.C.

K2 has over $6 billion in assets under management and serves both institutional and private investors globally. K2 is comprised of approximately 85 professionals, many o
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SOURCE Highland Good Steward Management LLC
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