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Highland Capital Management: Finance Solution Partner


Yuan the biggest offshore financing center in China raised its borrowing costs, and it weakened the currency for five years. The Hong Kong InterBank Offered loan rates that fell from 10.42 percent to 4.87 percent. According to Chris Morrison of Omni Partners hedge fund, the only way to help the economy from depression is to let the offshore interest rates to rise sharply. The lowering of rates drained the supplies, and it became more expensive to borrow short term loans.

Highland Capital Management is a $21 billion entity that is registered by SEC and is an investment adviser. The firm specializes in credit strategies like credit hedge funds, separate accounts, long-only funds, collateral loan obligations, distressed and special situations and private equity. They deal with a diversified client base who include corporations, fund of funds, public pension plans, financial institutions, emerging markets, high net-worth individuals and long/short equities. Their headquarters is based in Dallas, Texas with other offices in New York, Singapore, Sao Paulo and Seoul. It was founded in 1993 and since then it has grown to be the largest CLO manager in the United States. They also pioneered in the development of loan and CLO markets. It success over the years is attributed to co-investments and transparency through aligning interests and the use of checks and balances to aid in mitigating risks and Volatility. The entity is also independently owned with employees who have had vast experience in the market like James Dondero the Co-Founder and the President of Highland Capital Management.
James (Jim) Dondero has worked with credit and equity markets for 30 years, and his specialty is high-yield and distressed investing. Jim is a graduate of the University of Virginia from the McIntire School of Commerce. He has dual majors in finance and accounting and is certified as a Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), and a Certified Management Accountant. He is also the chairman of the NexBank, Cornerstone Healthcare, and CCS Medical.
Before founding the Highland Capital Management, Jim worked as the Chief Investment Officer of GIC and helped the firm to grow up to over $2 billion between 1989 and 1993. He began his career in 1984 as an analyst in Morgan Guaranty program. Dondero has pioneered HCM in the development of CLO market and in the development of Credit-oriented solutions for institutions and retail investors. Jim is also an active philanthropist and supports initiatives like veteran’s affairs, education, and public policy. Click here for more information on China’s currency status.

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