Joshua N. Terry, CFA
Josh Terry is the Founder and President of The Garden Group, a holding company based in Dallas, Texas, focused on start-up, small business and real estate investments. In 2011, Mr. Terry co-founded Acis Capital Management, LP, which he helped grow to $3.7 billion in assets under management prior to his departure in 2016. At Acis, Mr. Terry served as portfolio manager for all funds under management, including a two-time award-winning hedge fund. Mr. Terry previously ran the trading desk and structured products team at Highland Capital, where he also managed fixed income portfolios totaling over $10 billion in assets. He started his career at Stephens Inc. on its investment banking team. Mr. Terry has over ten years of experience investing in a wide range of asset classes, including structured products, bank loans, high yield bonds, distressed investments, real estate, equities and derivatives. Mr. Terry currently serves on the Board of Governors of Uplift Education and the Board of Directors of Friends of the Katy Trail. Mr. Terry received a BBA in Finance and Economics, summa cum laude, from Baylor University. He has earned the right to use the Chartered Financial Analyst designation.
February 20, 2019
Acis Capital Management, L.P. and Acis Capital Management GP, LLC (collectively Acis) announced that their Plan of Reorganization (Plan) became effective Feb. 15, 2019, and that they have emerged from Chapter 11 as a privately held company owned and operated by former partner, Joshua N. Terry. The United States Bankruptcy Court in Dallas, TX, confirmed Acis’ Plan on Jan. 31, 2019.
February 4, 2019
Acis Capital Management, L.P. and Acis Capital Management GP, LLC (collectively Acis), a Securities and Exchange Commission (SEC)-registered investment adviser and collateralized loan obligation (CLO) manager with approximately $2 billion in assets under management, announced today that the United States Bankruptcy Court in Dallas has confirmed Acis’ Chapter 11 restructuring plan. Prior to bankruptcy, Acis was owned and controlled by Highland Capital Management, L.P. and its affiliates (collectively, Highland).
Joshua N. Terry, former head of Highland’s structured products team and founder/former partner in Acis, and the holder of an $8 million judgment, successfully initiated and prosecuted an involuntary bankruptcy against Acis. The case was subsequently converted to Chapter 11.
Upon emergence from bankruptcy, Acis will be owned and operated by Mr. Terry. Acis’ plan of reorganization proposes to pay creditors in full. Brigade Capital Management, LP, a global investment management firm with over $20 billion in assets under management, is currently acting as sub-adviser for the Acis CLOs.
November 5, 2018
While a single philanthropist will receive the Good Works Under 40 Award on Wednesday night, the spotlight will be shared by North Texas’ many charitable causes and the people, particularly young adults, who are volunteering in their community.