Highland Funds has combined the Highland Floating Rate Advantage Fund and the Highland Floating Rate Fund into one opportunities portfolio. The Highland Floating Rate Opportunities Fund offers a better liquidity feature and expanded parameters to investors to meet their investment objective.
The new portfolio can invest up to 20% of its assets in non-floating rate securities and offers the ability to hedge against systemic risk. It will have around $930 million in total assets. Greg Stuecheli is the portfolio manager of the new opportunities portfolio.
