Highland Capital Management continues to expand its coverage of the healthcare industry. Healtcare is in the news; therefore, a wise investment firm takes advantage of that free press coverage. Highland worked with the South Korean National Pension Service (NPS) to raise $147 million for investment in North American and South Korean firms.
“South Korea Medical Devices”
No one can change economic realities. Cheaper labor costs make it easier for South Korea manufacturing firms to compete on the world stage. Mature American medical device firms can take their intellectual property to Asia and have the lower wage workers assemble new products. This new Highland Capital healthcare fund can invest in those healthcare firms.
This fund has a higher chance of success because of the connection to the NPS. Also, the local South Korean investment firm, Stonebridge Capital is co-manager of the fund. The foundation has been laid for success.
“Less Addictive Pain Relievers”
What are some of the other Highland Capital Management developments in the healthcare field? Highland Capital Mr. Michael D. Gregory is the Head of Healthcare Credit. When asked about healthcare stocks that Highland Capital was covering, Mr. Gregory discussed the dangers of opioid addiction in the U.S. – companies are turning to “new, less-addictive pain relievers.” Highland Capital HealthCare fund managers are suggesting investment in the firms with these less addictive pain relievers.
Once again, there are numerous synergies between North America and South Korea. Of course, pain relief knows no boundaries and the development of better drugs would be beneficial to both nations. The United States has an aging population with more seniors who might need non-addictive drugs.
The US Food & Drug Administration and South Korea Ministry of Food & Drug Safety might compare notes on pain relief applications. Dallas based Highland Capital manages about $15.4 billion and continues to be at the forefront of world-changing developments. Now, it has expanded its healthcare expertise to South Korea.