Highland Funds Asset Management to be adviser and administrator to Credit Strategies Fund

By Tali David

Minneapolis, Dec. 5 - Highland Credit Strategies Fund announced that effective Dec. 15 Highland Funds Asset Management, LP will become the investment adviser and administrator to the fund, according to a press release.

Highland Funds is an affiliate of Highland Capital Management, LP, the fund's current investment adviser and administrator.

As part of an internal reorganization, Highland Funds will assume investment management and administration responsibility for the retail business of Highland Capital Management, LP, which includes serving as adviser to mutual funds, according to the release.

Highland Credit Strategies Fund is a Dallas-based management investment company.

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