When Jim Dondero and Mark Okada founded Highland Capital Management in 1993, both men were already well-known in the financial industry. Dondero’s work with American Express and Protective Life’s GIC subsidiary. Those companies helped establish Dondero as a competent investment manager. But Dondero wanted to expand his network and organize an investment firm that focused on alternative investments, emerging markets, and collateralized loan obligations (CLOs). Dondero dream of becoming one of the country’s top hedge funds became a reality a few years ago. Highland Capital Management has more than $16 billion in assets under management. The secret to Highland’s success is their diversified client base and Dondero’s ability to spot good investments before they become good investments. The Highland Capital client list includes governments, pension funds, financial institutions, high-net-worth individuals, endowments, and corporations.
Highland Capital is based in Dallas, but the company has offices in New York, Seoul, Singapore and Sao Paulo. The company received the CreditFlux 2015 Best CLO Fund Award and the 2014 Morningstar Award for Global Allocation. One of Highland Capital’s funds received the 2014 Lipper Award and the 2014 Wall Street Journal Award for Global Allocation.
James Dondero has a BS in accounting and finance from the University of Virginia. He is a Chartered Financial Analyst and a Certified Managerial Accountant. Jim is the Chairman of the Board for NexBank, NexPoint, Cornerstone Healthcare, and CCS Medical. Dondero also serves on the Board of American Banknote Corporation and MGM Studios.
Dondero and the executive team at Highland Capital Management have a diversified investment list. Highland Capital partners invest in Highland Capital funds because of that list. Dondero likes the healthcare, energy, tech, and retail sectors of the economy. And his picks have produced better-than-average returns for Highland Capital partners. The current investment in Argentinian bonds and other emerging market investments have produced returns that exceed company expectations. That is one of the reasons Highland Capital has such a generous charitable budget. Highland Capital supports local nonprofits through the company’s giving arm, the Highland Dallas Foundation. The Highland Dallas Foundation supports The Dallas Zoo, the George W. Bush Library and other local nonprofits.
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