DALLAS – September 28, 2021 – NexPoint, a multibillion-dollar alternative investment platform, announced today that the NexPoint Merger Arbitrage Fund (the “Fund”) was recognized on the shortlist for the HFM U.S. Performance Awards 2021.
The Fund was shortlisted in two categories:
- Event Driven Under $1bn, where the Fund was one of eight funds shortlisted; and
- Merger Arbitrage, where the Fund was one of seven funds shortlisted.
The full list is available on the HFM Awards website: HFM U.S. Performance Awards 2021 Shortlist
At last year’s awards, the Fund was recognized as the top fund in the Merger Arbitrage category.
Now in the 15th 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 2021 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 in-person on November 4 at Gotham Hall, New York. Winners of each category will be announced at the awards ceremony.
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 Highland Capital Management Fund Advisors, L.P., an affiliate of NexPoint.
NexPoint is an alternative investment platform comprised of a group of investment advisers and sponsors, a broker-dealer, and a suite of related investment vehicles. The platform provides differentiated access to alternatives through a range of offerings, including public and private real estate investment trusts, tax advantaged real estate vehicles, closed-end funds, interval funds, and a business development company. NexPoint is part of a network of affiliates with expertise across the asset management and financial services spaces.
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 call 1-877-665-1287. Please read the Fund’s prospectus carefully before investing.
HFM US Performance Awards 2021 are awarded annually and to be eligible for an award, funds entering any of the categories must apply and meet certain requirements. For funds entering any of the categories except the newcomer categories, these requirements include submitting a 3-year track record of monthly performance data through June 2021. Funds entering the long-term performance (5 years) categories must submit a 5-year track record of monthly performance data through June 2021. There were 7 funds shortlisted in the Merger Arbitrage category, and 8 funds shortlisted in the Event Driven under $1bn category. Judges focus on absolute performance as well as the standard deviation of returns and outperformance of the relevant HFM benchmark. They also take into consideration the relative AUM, nature of the investment strategy, track-records, other supporting materials, and professional knowledge they have about shortlisted funds to come to their decisions. Past performance does not guarantee future results.