Highland Opportunities and Income Fund (HFRO) Announces Addition to Portfolio Management Team
MWN-AI** Summary
Highland Opportunities and Income Fund (NYSE: HFRO) recently announced the appointment of Brad Heiss as a new portfolio manager, effective September 9, 2025. This move is a strategic addition to the existing management team, which includes Scott Johnson and James Dondero, both of whom play significant roles in steering the Fund's investment activities. With over 20 years of experience in investment management and financial services, Mr. Heiss is well-equipped to contribute to the Fund’s objectives.
Before joining HFRO, Brad Heiss served as the Executive Vice President and Chief Investment Officer at NexAnnuity, a retirement solutions subsidiary of NexPoint. He has also held portfolio management responsibilities at NexPoint, focusing on the financial services sector. His career started at Goldman Sachs in New York as an analyst in the Investment Banking Division before transitioning to investment analysis roles at notable long/short funds such as Maverick Capital and Citadel Advisors. Heiss holds a Bachelor of Business Administration in Finance from the University of Miami and is a Chartered Financial Analyst (CFA) charterholder.
Scott Johnson expressed enthusiasm about Brad Heiss’s background, emphasizing that his sector expertise will be a significant asset to the team. The addition aims to optimize the Fund's portfolio, reduce the discount to net asset value (NAV), and enhance overall value for investors.
Highland Opportunities and Income Fund is a closed-end fund managed by NexPoint Asset Management, L.P., which offers a range of registered funds. Investors interested in learning more about HFRO and its management can visit the official NexPoint Asset Management website for additional information.
MWN-AI** Analysis
The recent announcement regarding the Highland Opportunities and Income Fund (HFRO) and the addition of Brad Heiss to its portfolio management team is noteworthy for current and prospective investors. Mr. Heiss brings over 20 years of extensive experience in investment management, particularly in the financial services sector, having previously worked at prestigious firms such as Goldman Sachs and Citadel Advisors. His appointment indicates a strategic move to enhance the Fund’s management depth and investment acumen.
Scott Johnson, the current portfolio manager, highlighted this addition's significance in optimizing the Fund's portfolio and addressing the persistent issue of trading at a discount to net asset value (NAV). This move is particularly crucial as closed-end funds often trade below NAV due to market perceptions and investor sentiment, which can impact returns.
Investors should monitor HFRO's performance closely as Mr. Heiss's expertise may lead to improved asset allocation and, consequently, a narrowing of the NAV discount. It is essential to assess how his leadership might influence the fund’s strategic direction, especially in volatile market conditions, where insights and experience are invaluable.
Furthermore, with a focus on maximizing value for investors, there may be potential for increased distributions or improved financial health, making HFRO an appealing opportunity for income-seeking investors. However, it is vital to remember that past performance does not guarantee future results, and one should carefully consider the risks involved, including market fluctuations and management changes.
In summary, HFRO's recent developments could signify a pivotal point for the Fund. As an investor, it's advisable to keep an eye on HFRO's upcoming quarterly performance reports and management commentary for deeper insights into how the new addition to the team is shaping the Fund's strategy and potential outcomes.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
DALLAS , Sept. 9, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced a key addition to its portfolio management team. Effective September 9, 2025 , Brad Heiss has been named as a portfolio manager of the Fund. Mr. Heiss will join current portfolio managers Scott Johnson and James Dondero in overseeing the Fund's investment activities.
Mr. Heiss is executive vice President and chief investment officer of NexAnnuity, NexPoint's affiliated retirement solutions business that includes its insurance platform, and a portfolio manager at NexPoint where he oversees the firm's investments in the financial services sector. Mr. Heiss has over 20 years of investment management and financial services experience. He began his career at Goldman Sachs in New York , where he was an analyst in the Financial Institutions Group within the Investment Banking Division, and later worked as an investment analyst at long/short investment funds including Maverick Capital and Citadel Advisors before joining NexPoint in 2013. Mr. Heiss holds a BBA in finance from the University of Miami and the right to use the Chartered Financial Analyst (CFA) designation.
"We are pleased to add Brad as a portfolio manager to HFRO," said Scott Johnson , NexPoint Managing Director and Portfolio Manager of the Fund. "Brad's sector expertise and portfolio management experience will be a valuable addition to the portfolio management team as we look to optimize the Fund's portfolio and continue efforts to reduce the discount to NAV and maximize value for HFRO investors."
About the Highland Opportunities and Income Fund
The Highland Opportunities and Income Fund (NYSE: HFRO ) is a closed-end fund managed by NexPoint Asset Management, L.P. For more information visit Highland Opportunities and Income Fund Website .
About NexPoint Asset Management, L.P.
NexPoint Asset Management, L.P. is an SEC-registered investment adviser. It is the adviser to a suite of registered funds, including open-end mutual funds, and closed-end funds. For more information visit nexpointassetmgmt.com .
Disclosures
Before investing in the Fund, you should carefully consider the Fund's investment objectives, risks, charges, and expenses. For a copy of a prospectus or summary prospectus, which contains this and other information, please visit our website at www.nexpointassetmgmt.com or call 1-800-357-9167. Please read the fund prospectus carefully before investing.
Shares of closed-end investment companies frequently trade at a discount to NAV. The price of the Fund's shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value. Past performance does not guarantee future results.
CONTACTS
Investor Relations
Kristen Griffith
IR@nexpoint.com
Media Relations
Comms@nexpoint.com
SOURCE Highland Opportunities and Income Fund
FAQ**
How will the addition of Brad Heiss as a portfolio manager impact the investment strategies employed by the Highland Floating Rate Opportunities Fund (HFRO)?
What specific expertise does Brad Heiss bring to the Highland Floating Rate Opportunities Fund (HFRO) that could enhance the Fund's performance and reduce its discount to NAV?
In what ways do Scott Johnson, James Dondero, and Brad Heiss plan to collaborate in managing the Highland Floating Rate Opportunities Fund (HFRO) to optimize its portfolio?
How has the experience of Brad Heiss at firms like Goldman Sachs and Citadel Advisors influenced his approach to managing the Highland Floating Rate Opportunities Fund (HFRO)?
**MWN-AI FAQ is based on asking OpenAI questions about Highland Floating Rate Opportunities Fund (NYSE: HFRO).
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