Highland Capital Management is a Dallas, Texas, firm which specializes in alternative assets. It was founded by two entrepreneurs in the industry, James Dondero and Mark Okada. Together they have built a firm that is international in scope with around $14 billion in assets under management.
One of the assets that Highland Capital Management pioneered was that of collateralized loan obligations(CLO). They were the very first firm besides a bank to launch a CLO, which took place in 1996. They are now one of the biggest managers of these assets on the planet, having transacted more than $30 billion ClO’s in the intervening years. Read this article at investopedia.com.
In 2000 the company expanded to include investing in distressed assets. In that same year, they also launched two bank loan separate accounts. Their clients for this asset are large public pension plans in North America, including both America and Canada. Beyond North America they also have clients and offices in other nations such as Brazil, China, and Singapore.
At Highland Capital their strategic approach involves research and top-down risk management. Their portfolio managers and chief investment officers maintain two-way dialog that is engaged in on a frequent basis. Their analyst’s spot mispricing in financial markets which portfolio managers then use to invest their money in. It’s through the constant exchange of information that Highland Capital is able to have its funds meet their financial goals. Visit hcp.com to know more.
The leadership of Highland Capital Management thinks it is important that the company supports the community in which it operates. Due to this, they have provided money to a large number of Dallas-based nonprofits. Among these are the Dallas Zoo, the Perot Museum of Nature and Science, The Family Place, and Capital for Kids among others. They also support national charities such as the American Heart Association.
As the company’s annual philanthropic budget exceeds $3 million, in 2017 they formed a partnership with The Dallas Foundation. This partnership means that the money they provide can be used in its most effective and impactful way. In order to manage this partnership, they brought in Linda Owen who has vast experience as having once been the CEO of the Woodall Rodgers Park Foundation.