Highland Capital Will Take Until 2014 to Return Frozen Hedge-Fund Money

``Highland will immediately return about $350 million in cash to clients from its Crusader Fund and the remaining $1.3 billion over the next three years, John Honis, a partner at the Dallas- based firm said in a statement today. The distribution plan was approved by about 86 percent of the fund's investors, it said. Highland shut its flagship Crusader fund, as well as a second fund, in October 2008 following losses on high-yield, high-risk loans and other types of debt.''