Highland Global Allocation Fund Welcomes New Portfolio Manager Amid Notable NAV Increase
The Highland Global Allocation Fund (NYSE: HGLB) has made significant strides in its management structure with the recent announcement on October 7, 2025, that Scott Johnson has joined as a portfolio manager. This expansion is aimed at enhancing the Fund's investment strategies, as it seeks to adapt to the dynamic investment landscape.
Scott Johnson brings over 25 years of invaluable investment management experience to the table, specifically in private equity, mergers and acquisitions, and hedge funds. He is known for his strategic insight and has been instrumental in sourcing and executing complex investment opportunities throughout his career. Before this new role, Johnson served as Managing Director and Portfolio Manager at NexPoint, and he holds a BBA in Finance from the University of Texas at Austin, as well as an MBA from Harvard Business School.
Johnson will be collaborating closely with the existing portfolio manager, James Dondero, to oversee the Fund’s investment activities. Dondero, fondly referred to as a pioneer in the field, expressed optimism about the addition, stating, "Scott's portfolio management experience and ability to source unique market investment opportunities, such as the recent investment in FRMI, will be a tremendous asset to our team as we strive to maximize value for our investors."
In conjunction with this management change, the Fund also shared a promising update concerning its net asset value (NAV). The Fund’s NAV saw a remarkable increase of 18.86%, or $2.24, on October 1, 2025. This uptick has been attributed primarily to the successful investment in Fermi, Inc., a real estate investment trust (REIT) focused on data centers, which transitioned from a convertible preferred equity position to common stock following its public listing. Fermi is now traded on the Nasdaq under the ticker FRMI.
While this investment was not the largest position within the Fund, its performance had a significant impact on the overall NAV due to the excitement surrounding its IPO. The investment execution was facilitated by NexPoint's corporate credit and equities team, which Johnson leads.
Looking forward, the Highland Global Allocation Fund remains steadfast in its investment objectives and strategies, as articulated in the Fund's Prospectus. The management team is determined to navigate the investment landscape effectively, harnessing their collective experience to adapt to changing conditions while providing robust returns for investors.
The Highland Global Allocation Fund is part of NexPoint Asset Management, L.P., an SEC-registered advisory firm specializing in managing a range of investment products, including open-end mutual funds and closed-end funds. Investors interested in understanding the Fund’s profile further can visit their website for more comprehensive insights.
For those considering an investment in the Highland Global Allocation Fund, it's essential to evaluate the Fund's investment objectives diligently along with potential risks, charges, and expenses associated with such investments. Past performances are not indicative of future results, making careful deliberation vital. For detailed insights, potential investors can access the Fund's prospectus, which contains critical information regarding this investment option.
As the Highland Global Allocation Fund continues to evolve, all eyes will be on how the inclusion of Scott Johnson will influence future performance and investment strategy, making it an exciting chapter for current and prospective investors alike.
Scott Johnson brings over 25 years of invaluable investment management experience to the table, specifically in private equity, mergers and acquisitions, and hedge funds. He is known for his strategic insight and has been instrumental in sourcing and executing complex investment opportunities throughout his career. Before this new role, Johnson served as Managing Director and Portfolio Manager at NexPoint, and he holds a BBA in Finance from the University of Texas at Austin, as well as an MBA from Harvard Business School.
Johnson will be collaborating closely with the existing portfolio manager, James Dondero, to oversee the Fund’s investment activities. Dondero, fondly referred to as a pioneer in the field, expressed optimism about the addition, stating, "Scott's portfolio management experience and ability to source unique market investment opportunities, such as the recent investment in FRMI, will be a tremendous asset to our team as we strive to maximize value for our investors."
In conjunction with this management change, the Fund also shared a promising update concerning its net asset value (NAV). The Fund’s NAV saw a remarkable increase of 18.86%, or $2.24, on October 1, 2025. This uptick has been attributed primarily to the successful investment in Fermi, Inc., a real estate investment trust (REIT) focused on data centers, which transitioned from a convertible preferred equity position to common stock following its public listing. Fermi is now traded on the Nasdaq under the ticker FRMI.
While this investment was not the largest position within the Fund, its performance had a significant impact on the overall NAV due to the excitement surrounding its IPO. The investment execution was facilitated by NexPoint's corporate credit and equities team, which Johnson leads.
Looking forward, the Highland Global Allocation Fund remains steadfast in its investment objectives and strategies, as articulated in the Fund's Prospectus. The management team is determined to navigate the investment landscape effectively, harnessing their collective experience to adapt to changing conditions while providing robust returns for investors.
The Highland Global Allocation Fund is part of NexPoint Asset Management, L.P., an SEC-registered advisory firm specializing in managing a range of investment products, including open-end mutual funds and closed-end funds. Investors interested in understanding the Fund’s profile further can visit their website for more comprehensive insights.
For those considering an investment in the Highland Global Allocation Fund, it's essential to evaluate the Fund's investment objectives diligently along with potential risks, charges, and expenses associated with such investments. Past performances are not indicative of future results, making careful deliberation vital. For detailed insights, potential investors can access the Fund's prospectus, which contains critical information regarding this investment option.
As the Highland Global Allocation Fund continues to evolve, all eyes will be on how the inclusion of Scott Johnson will influence future performance and investment strategy, making it an exciting chapter for current and prospective investors alike.
Topics Financial Services & Investing）
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