Highland Funds to spin-off from Highland Capital, become Pyxis Capital

By Tali David

Minneapolis, Dec. 13 - Highland Funds Asset Management, LP announced that it will spin-off from Highland Capital Management, LP and form Pyxis Capital, according to a press release.

Pyxis will be a registered investment adviser serving financial advisers, institutions, and individual investors seeking registered alternative investment solutions, the company said. Fund names will use the Pyxis brand.

Highland Funds said it will officially shift to Pyxis on Jan. 9, and all current registered investment company portfolio managers employed by Highland Capital and other related operations and management personnel will move to the new entity.

"As we open a new chapter in our fund family's history, we will continue to focus on providing unique value-added investing strategies, delivering top-tier client service and giving investors broad access to our solutions through Pyxis Distributors, our strong national network," president Joe Dougherty said in the release.

Pyxis is a Dallas-based investment adviser. Highland Funds is an alternative fund strategy, also based in Dallas.

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