Highland capital management in simple terms is one of the most experienced and largest firms offering alternative asset management globally. The firm primarily focuses on various credit strategies such as private equity fund, a closed-end fund, hedge fund, mutual fund, collateralized loan obligations, 40 Act Fund, and separately managed account. Its service base ranges from institutional to retail investors worldwide. Read more about James Dondero at Nexpoint Advisors.
The Highland Capital Management firm has grown over the past 25 years. First operating out of Los Angeles, the organization started as a joint venture with Protective Life Insurance Corporation in January 1990, founded by James Dondero and Mark Okada. It focused on fixed income markets. It then evolved into PAMCO (Protective Asset Management Company) in 1993 and this time as an SEC-registered investment advisor. The firm later moved its headquarters to Dallas, Texas in 1994.
When the firm began to take off, the founding partners purchased Protective Life’s stake in PAMCO to develop Ranger Asset Management. However, by 1998 the name did not hold, and it was renamed to the now, Highland Capital Management, L.P. The company has built on its value-based approach and credit expertise to venture into other asset classes. Other than high yield credit, today, the company also operates I public equities, real estate, and structured credit.
Highland capital management still maintains the headquarter office in Dallas Texas with offices in Buenos Aires, Rio de Janeiro, Singapore, Seoul, and New York.
Leadership and Approach
Highland Capital Management operates on three main principles; experience, discipline, and boldness. The team comprises of research professionals focused on the investment industry. Their role is to review the existing investments, monitor trends within the industry, and evaluate possible opportunities across capital structures.
Mark Okada is the CFA-Co pioneer and founder. He is the current Chief Investment officer of Highland capital management while James Dondero oversees and runs CFA, CMA as the company’s President. Read more about James Dondero at Wikipedia.com.