Merger Arbitrage Fund Earns Spot on HFM U.S. Performance Awards Shortlist in Three Categories

By October 5, 2020November 4th, 2020Press Releases

DALLAS – October 5, 2020 – Highland Capital Management Fund Advisors, L.P. (“HCMFA”), an investment adviser on the Highland Capital Management investment platform (“Highland”), announced today that the NexPoint Merger Arbitrage Fund (the “Fund”), an open-end mutual fund advised by HCMFA, was recognized on the shortlist for the HFM U.S. Performance Awards 2020.

The Fund was shortlisted in three categories:

US equity long-term performance (5 years) under $1bn

The Fund was one of eight funds shortlisted.

Event driven under $1bn

The Fund was one of six funds shortlisted.

Merger arbitrage

The Fund was one of three funds shortlisted.

(View the full shortlist on the HFM awards website: HFM U.S. Performance Awards 2020 Shortlist)

Now in their 14th year, the HFM U.S. Performance Awards recognize U.S. fund performance, covering a range of fund strategies—from credit and equity, to macro and managed futures.

The HFM U.S. Performance Awards 2020 categories were developed in consultation with the industry to ensure they were representative of the broad and fast-moving nature of the hedge fund sector.

Eligible funds had to satisfy criteria such as base of operation in North America, monthly data submitted for their USD share class, submission of assets under management, and performance track record.

The judging criteria was carefully considered and structured to result in funds across various strategies being recognized and rewarded for their high achievements.

This year’s HFM U.S. Performance Awards will take place virtually on November 5 to provide a platform to still reward those funds leading the way in the sector at a time when face-to-face events are not possible. The winners of each category will be announced at the virtual event.

About the NexPoint Merger Arbitrage Fund

The NexPoint Merger Arbitrage Fund is an open-end mutual fund that seeks to generate positive absolute returns. The Fund invests in publicly announced mergers to capture the spread between a target company’s stock price and the price offered for that company in the deal announcement.

On August 13, 2020, the Board of Trustees of Highland Funds I, on behalf of the Fund, approved a change of the Fund’s name from the “Highland Merger Arbitrage Fund” to the “NexPoint Merger Arbitrage Fund.” The Fund continues to be advised by HCMFA.

About Highland Capital Management Fund Advisors, L.P.

Highland Capital Management Fund Advisors, L.P. (“HCMFA”) is an investment adviser on Highland Capital Management’s multibillion-dollar global alternative investment platform (“Highland”). HCMFA is the adviser to a suite of registered funds, including open-end mutual funds, closed-end funds, and an exchange-traded fund (“ETF”). Covering a range of asset classes and strategies, the funds draw on Highland’s investment capabilities, which include high-yield credit, public equities, real estate, private equity and special situations, structured credit, and sector- and region-specific verticals built around specialized teams. For more information visit

Before investing in the Fund, you should carefully consider the Fund’s investment objectives, risks, charges, and expense. For a copy of a prospectus or summary prospectus, which contains this and other information, please visit or call 1-877-665-1287. Please read the Fund’s prospectus carefully before investing.