Last week, HedgeWorld received an anonymous tip about some executive shakeups at Highland Capital Management LP, which could suggest that hard times have befallen the asset manager. A few of the tips were right, though the firm supposedly plans to continue adding new staff in the coming months.
But our nameless detective also said Harold Siegel, a lead marketing staff member, resigned from Highland Capital. If this person had only picked up the phone or written an email or two, he or she would have learned that as of about 6:15 p.m. EST on July 2, Mr. Siegel still works in Highland Capital’s New York office. I know this because I spoke with him, and this was the first rumor he’d heard that he “left the firm.” Though he confirmed that he was himself and that he had not resigned, maybe I’ll have to look into a potential conspiracy.
But in the meantime, while it’s nice to get a heads up on industry goings on from our readers, reportersâ€”amateur or professionalâ€”should always check their facts.