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Highland Capital Down but Far From Out


Highland Capital Management has announced its quarterly earnings in late December, reporting that the hedge fund portfolio value is at $3.43 billion. This shows and decrease of $1.48 billion from the previous quarterly numbers of $4.91 billion. This was a year of growth for Highland Capital Management, which started new positions in 2015. Among these positions are Amazon Com Inc for $23.35 million, Eagle Pharmaceuticals Inc for $17.73 million, Danaher Corp Del for $17.24 million and Intra Cellular Therapies Inc for $15.90 million. The hedge fund brought in 69 new stocks, some of which, are slated to be major assets for the company.
Highland Capital Management, an SEC-registered investment adviser and credit management company, are renowned in the hedge fund management market claims $21 billion in assets as of today. The firms focuses on credit hedge funds, long-only funds, as well as separate accounts. They also specialize in distressed and private equity, in addition to collateralized loan obligations (CLOs). This company, among the most experienced and larger global alternative credit management companies has made a name for itself in the creative management solutions despite a volatile market. Alternative investments such as new and emerging markets and natural resources are also areas in which the company is able to advise it’s clientele. The firm is headquartered in Dallas, Texas and has locations in New York, Sao Paulo, Singapore, and Seoul.

James Dondero, is a co-founder and president of Highland Capital Management. Before working with HCM, Mr. Dondero was Chief Investment Officer. Mr. Dondero started his career as an analyst in 1984 in the Morgan Guaranty training program. Mr. Dondero graduated from the University of Virginia with distinguished honors from the McIntire School of Commerce with dual majors in Accounting and Finance. He has also received certification as a Certified Public Accountant, Certified Management Accountant, and Chartered Financial Analyst. His extensive training in different areas of asset management and accounting opened the doors to a very prosperious career in these fields.

He was instrumental in assisting with the GIC subsidiary of Protective Life from its beginning. It was a profitable venture earning over $2 billion between 1989 and 1993, and marking a time of productive growth for the company. He was also a corporate bond analyst and portfolio manager at American Express, where he gained first hand experience of credit management and investment trends. Today, Mr. Dondero serves as a Chairman of NexBank, Cornerstone Healthcare, and CCS Medical.

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