The coming year is shaping up to be a fresh start for alternative mutual fund shop Pyxis Capital.

The Dallas-based firm, formerly known as Highland Funds Asset Management, L.P., has broken away from its parent, Highland Capital Management, L.P., taken on a new moniker and a new approach to creating alternative mutual funds, which bet on commodities, equities and fixed income products. Its investments play both the long and short side of the trade.

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