Highland Capital Management had a rough ride after the 2008 crisis, logging four years of outflows from its funds. In June 2012, ING and Ivy funds alum, Brad Ross, was brought onboard as president.
Ross set to work restructuring the firm and evaluating the personnel. Flows turned positive in January 2013. On Feb. 8, 2013, Highland dropped the Pyxis name, which its funds had been branded under since December 2011, and the funds once again became the Highland Funds.