Highland Capital Management is an investment advisory firm based in Dallas, Texas. In 1993, James Dondero and Mark Okada co-founded the company with the aim of providing alternative credit management. The firm has vast experience in matters of investment advice. Their core business is in offering credit strategies, which include separate accounts, private equity, collateralized loan obligations and credit hedge funds.
Highland Capital Management also provides alternative investment strategies among them emerging markets, long or short equities, and natural resources. Though the firm has assets worth $55 million, it manages stock worth $15.4 billion. The company has products for retail and institutional investors. Their clients are from foundations, corporations, financial institutions, governments, pension plans and high net worth persons.
Making the Difference
In the healthcare sector, Highland Capital Management has partnered with the insurance agencies for approval of less addictive pain relievers. Their affiliate firm in South Korea has acquired private equity fund which will focus on health care. The move is towards the reduction of chances for addiction and drug abuse. Through NexPoint Residential Trust Inc., the firm will be able to provide improved multifamily properties, which will fetch higher rents.
More about Highland Capital Management and How It Started
In 1990, James Dondero and Mark Okada jointly ventured into Protective Life Insurance Corporation. They dealt with income market, which included managing highly secured bank loans. After three years, the venture changed to Protective Asset Management Company (PAMCO), which was owned jointly by Protective Life Insurance and the founding partners.
In 1997 James and Mark bought the shares in PAMCO and set an independent advisor known as Ranger Asset Management, L.P. In 1998, Ranger Asset Management, L.P. changed its name to Highland Capital Management. From then, the firm has continued to grow and expand its product lines. The company has over 180 employees working in various offices globally. Though the headquarters are in Dallas, there are other offices in New York City, Sao Paulo, and Seoul.
Giving Back to the Community
Highland Capital involves the community through involvement in the advisory board and volunteer opportunities. They also give financial donations not only to community organizations but to national ones too. The firm has donated over $10 million since 2005.
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