The Highland Credit Strategies Fund has changed its name to Pyxis Credit Strategies Fund.
The fund’s name change is part of a firm-wide re-branding of the fund’s investment adviser from Highland Funds Asset Management, L.P. to Pyxis Capital, L.P.
There will be no changes to the portfolio management of the fund as a result of the name change, according to the firm.
The Pyxis Credit Strategies Fund primarily bets on secured and unsecured floating and fixed rate loans, bonds and other debt obligations, debt obligations of stressed, distressed and bankrupt issuers, structured products and equities.
An official at the firm was not immediately available to comment on the firm’s rebranding efforts.
The name change took effect January 9.
In December, Pyxis also added another alternative mutual fund to its portfolio, Pyxis Energy and Materials. The firm’s latest offering invests primarily in domestic large and mid-cap companies in the energy and materials sectors. Its portfolio manager is Amit Walia and it sports a net expense ratio of 225 basis points.
