In The News

Bloomberg | Investors Pile Into Health to Shield Holdings From Trade War

Equity investors are flocking to health care in the wake of escalating geopolitical tensions and a waning appetite for technology stocks. The S&P 500 Health Care Index is the best-performing sector so far this quarter with a 7.8 percent gain, outperforming a 4.5 percent rise in the broader benchmark. Pharmaceutical and biotech stocks are among the biggest outperformers as they rebound from earlier concerns about failed clinical…

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Reuters | New interval funds offer alternative investments to retail investors

US credit managers are raising new interval funds which give retail investors access to alternative assets that can offer better returns than more traditional mutual fund holdings. Managers including OppenheimerFunds…
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Forbes | 5 REITs Forecasted To Grow By Double-Digits

One of the best ways to predict stock price performance is to forecast earnings growth or the company’s ability to grow profits over time. Keep in mind, there are only two ways of getting paid to invest – capital gains and dividends – and one of the primary reasons that investors own REITs is for the dependability of dividends. Ben Graham once remarked that earnings…

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Dallas Business Journal | One of Dallas’ biggest hedge funds wades into real estate development

One of Dallas’ largest hedge funds Highland Capital Management is getting into real estate development. The firm has begun a project for a luxury apartment complex in Phoenix, Ariz. and is filling into markets where the prices for existing properties have been driven up by speculators. “We’re doing more development in real estate,” Highland Co-Founder James Dondero said in an interview. “There’s almost better value in certain places if you…

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Dallas Business Journal | Highland Capital’s NexPoint fund raises $269 million in oversubscribed rights offering

NexPoint Advisers, an affiliate of Dallas investment firm Highland Capital Management, completed a rights offering for shares in a booming fund that focuses on below investment grade debt and equities. The firm totaled $269 million from the offer to existing rights holders to subscribe for more than 5.3 million of the fund’s common shares. The total amount surpassed the primary offering by 233 percent, the…

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GlobeST.com | NexPoint CIO: ‘This Is Our Moment’

DALLAS—Spun off from a closed-end fund in the spring of 2015, the apartment REIT is winning with its focus on workforce housing. “Is NexPoint the Next REIT to Return 50%?” asked a Seeking Alpha headline in June 2015, a few weeks after NexPoint Residential Trust began trading on the New York Stock Exchange under the NXRT symbol. In fact, the apartment REIT finished its first…

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Nareit | NexPoint Residential Growing in Middle-Income Rental Niche

NexPoint Residential Trust, Inc. (NYSE: NXRT) has carved out a niche within the multifamily sector by providing low- and middle-income renters with attractive properties in markets unencumbered by new supply of affordable housing. With the planned acquisition of Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) by Starwood Capital Group, Matt McGraner, chief investment officer at Dallas-based NexPoint, believes NexPoint will be the only publicly traded REIT whose sole…

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Investment & Pensions Europe | US Equities: Healthcare – A healthy prognosis

Recent developments in market structures and biotechnology augur well for the recovery of ailing US healthcare stocks At a glance • US healthcare stocks have performed badly recently but there is potential for recovery. • Challenges facing the sector include an ageing population and the scale of wasteful health spending. • A changing market structure and innovations in biotechnology are among the factors offering prospects…

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Fund Action | Highland Hires In Independent Broker-Dealer Push

Highland Capital Management is plotting a stronger push into the independent broker-dealer space. The firm hired 14 external wholesalers including a new head of independent B-Ds. Six additional external wholesalers will be added by year’s end, Brad Ross, president of Highland Funds, the firm’s retail affiliate, told FA. He added Highland derives around a quarter of its roughly $5bn in mutual fund assets from independent B-Ds. The firm hopes…

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Daily Alts | Highland Capital Moves into Non-Traded Product Space

Highland Capital Management is a Dallas-based investment management firm with $19 billion in assets under management and a significant presence in the liquid alts space…[I]n late July, the firm demonstrated its commitment to integrity and transparency when it announced its compliance with the voluntary Global Investment Performance Standards (GIPS). But now the liquid alts pioneer is making a move into another alternative product space – illiquid, non-traded…

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Think Advisor | Highland Capital Management Launches Nontraded Product Line

Highland Capital Management L.P. has announced the launch of its nontraded product line with NexPoint Capital, Inc., a publicly registered business development company (BDC) NexPoint Capital, Inc. The BDC, a healthcare-focused fund, has a target raise of $1.5 billion in capital for investing primarily in medium-sized businesses. The BDC will be distributed by Highland Capital Funds Distributor, and will be led by Brad Ross, president of Highland…

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Seeking Alpha | Interview with Brian Mitts, Chief Operating Officer of NexPoint Advisors

We interviewed Brian Mitts via telephone on November 22, 2013 in order to gain a better understanding of NHF and why it was challenging for our firm to compare it to other closed-end funds that we track for our weekly Universe data service and for client accounts. Brian is not the named portfolio manager, James Dondero, but we think you will see from the interview…

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Lucy Bannon
Public Relations
(972) 419-6272