Highland Capital Management has been through several iterations before settling on an official company name and product and service focus. The company and its team are actively involved in the philanthropic efforts within the local community. Highland Capital is proud of their commitment to the community. Their efforts help to build strong community ties and an enhanced quality of life for its citizens. It is important to the team at Highland to contribute effort and resources to initiatives with a mission that deals with improving the lives of those in need. They focus on efforts that concentrate on veteran’s initiatives, healthcare and education. In the past 13 years Highland has contributed more than $10 million to charitable organizations. Read more about Highland Capital at prnewswire.com.
Highland Capital Management began its story in January of 1990. The founders of the company are Mark Okada and James Dondero. They initially formed a partnership with PLIC (Protective Life Insurance Corporation) and they specialized in income markets with fixed rates and included the management of secured bank loans. The entity morphed into PAMCO (Protective Asset Management Company. PAMCO, an investment advisory company registered with the SEC (Securities Exchange Commission) was owned by the partnership of Dondero and Okada at a 40 percent share and by PLIC at a 60 percent share.
As the company grew and experienced a measure of success, Dondero and Okada acquired the share of PAMCO owned by PLIC and formed RAM (Ranger Asset Management). The company operated as an independent advisor and was registered with the SEC. The following year, RAM changed its name to Highland Capital Management.
Highland established several products such as the first comingled bank loan fund and the alternative investment 40 Act platform. As the company grew, they added new products to their lineup and jumped into the business of mutual funds. They purchased two floating rate funds Columbia Asset Management. Visit highlandcap.com to know more.
Highland put its pioneering efforts to work and developed CLO’s (collateralized loan obligations). Since its inception, Highland has not only structured, but monitors more than 39 CLO’s/CDO’s with a total of $32 billion. This effort makes Highland Capital the largest CLO manager in the world. Product and service expansion continued with the establishment the first total return strategy by focusing on assets experiencing distress. Highland also established two bank loan separate accounts for large public pension plans. The company continues to develop new and improved strategies that allow investors to achieve their return goals with the level of risk they are willing to take.
Today, Highland Capital Management is an growing investment company that is independently owned. The company supports a team of more than 180 employees based world-wide. Clients include individuals of high net worth, governments, financial institutions, corporations, endowments, foundations and public pension plans.