Ivy High Income Opportunities Fund announced that veteran high-yield portfolio manager William M Nelson assumed portfolio management of the Fund, effective immediately. He takes over Ivy High Income Opportunities Fund from Bryan C Krug, who had managed the fund since its inception. Nelson joined the firm in 1995 as a fixed income investment analyst specializing in high yield securities.

He was appointed vice president and portfolio manager of Ivy Funds VIP High Income (USD 644 million in assets) in 1999 and portfolio manager of the Waddell & Reed Advisors High Income Fund (USD 2 billion in assets) in 2008. He has 25 years of industry experience.