For the past 20 years, Highland Capital Management has been evolving into one of the industry’s major global alternative credit managers. They have the most experienced teams working to provide clients with the best service possible. Highland Capital Management got its beginnings back in January of 1990 when James Dondero and Mark Okada, the founding partners of Highland, created a joint venture along with Protective Life Insurance Corporation. The venture specialized in working with fixed income markets, including those involving the management of senior secured bank loans.
As things began picking up and taking off for them around May of 1997, James and Mark bought Protective Life’s 60% stake in PAMCO, another venture the two formed around 1993. They soon established Ranger Asset Management, L.P., which became as independent advisor registered with the SEC. It was the following year that James and Mark changed the name from Ranger Asset Management, L.P. to Highland Capital Management, L.P. In 2000, Highland grew its investment platform from separate accounts and CLOs, and they launched the company’s first total return strategy. It focused vastly on distressed assets. That same year, they began expanding on a global scale; first with bank loan separate accounts in the U.S. and Canada.
Now a day, Highland Capital Management is an independently-owned investment firm. They have over 20 years of experience in a wide range of products that would suit both retail and institutional investors. The company has grown so rapidly since its first day, now employing over 180 employees all over the world. It’s headquartered in Dallas, Texas but it has a network of offices based in New York City, Sao Paulo, Singapore, and Seoul.
James Dondero is the Co-Founder and current President of Highland Capital Management, also known as HCM, and currently lives in Dallas, TX. He has more than 30 years of expertise in the markets of credit and equity. He mainly focused on high-yield and distressed investing, which would later contribute his future ambitions. Under James’s expertise, Highland Capital Management became a pioneer in developing a Collateralized Loan Obligation market.
Before founding HCM, James was Chief Investment Officer and helped expand the GIC subsidiary of Protective Life. Before that, he was a Corporate Bond Analyst and later became Portfolio Manager at American Express. He graduated from the University of Virginia and the McIntire School of Commerce.
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The Career Achievements Of James Dondero