Investing dramas are often buried in the dullest-sounding documents. On Dec. 10, Highland Funds II, a series of mutual funds run by Highland Capital Management Fund Advisors L.P. of Dallas, filed a form with the Securities and Exchange Commission stating that it couldn’t complete its annual report on time because it “needs to finalize its accounting analysis for the fair value measurement of a fair valued security.”Why...

Source: Wall Street Journal December 14, 2018 19:45 UTC