Highland Capital Management is a global leading hedge fund firm based in Dallas, Texas. Since its formation in 1993, the SEC-registered investment advisor has worked its way to the top to reign as one of the most experienced alternative credit managers globally. The firm’s journey began back in January of 1990 following the formation of a joint venture between James Dondero, Mark Okada and Protective Life Insurance Company.
The joint venture sought to take over the fixed income markets, with the inclusion of managing senior secured bank loans. In 1993, the Protective Asset Management Company (PAMCO) was formed. The firm’s ownership comprised of 60% ownership by Protective Life and 40% by James Dondero and Mark Okada. In 1997, Mark and James purchased the stake owned by Protective Life and changed the name of the firm to Ranger Asset Management, and later to Highland Capital Management.
The firm makes investments in the communities from which it draws its employees. The firm has shown commitment to bringing about positive change through volunteer works, the involvement of the advisory board and donations to various community organizations as well as nonprofit organizations.
The firm holds firmly to the belief that the culture of the community is vitally important and that it should contribute both time and resources to initiatives that focus on directly improving the lives of those in need. The firm lays special focus on programs that focus on education, healthcare as well as veteran’s initiatives. The team at Highland Capital Management aim at being involved actively in national as well as local philanthropic activities.
The strategies and policies of the firm are the brainchild of the successful hedge fund manager James Dondero. Jim serves as the President of the firm on top of being its co-founder. Mr. Dondero is a graduate of the University of Virginia, having studied Accounting and Finance and graduating with the highest honors.
Shortly after leaving college, James joined the Morgan Guaranty training program, where he served as an analyst. In 1985, he joined American Express where he worked as a Corporate Bond Analyst before being appointed to serve as a Portfolio Manager. In 1989, he left American Express to serve as the CIO at the GIC subsidiary of Protective Life, with his notable contribution being facilitating the growth of the company from inception to a net worth of $2 billion.
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