Highland Funds Asset Management has got board approval to become investment adviser of the $7.4 million Incline Capital Trend Following Fund. The fund’s investment adviser, Incline Capital, will become the sub-adviser after the deal, financial terms of which have not been disclosed.

The Incline Fund handles a strategy designed to profit from trends in both directions across stock, bonds and commodities. It produces lower overall volatility and good returns to acquire and hold strategies on a risk adjusted basis.

Click here for the release from PR Newswire.