Highland Capital Management is one of the biggest and most experienced investment advisers in the world. It was founded in 1993. The firm, together with its affiliates, boasts of around $21 billion worth of assets under its management. It serves a wide range of clients including foundations, corporations, public pension plans, governments, financial institutions, endowments, public pension plans, funds of funds, and high-net individuals. The firm’s headquarters is in Dallas, Texas, but it also has offices in Singapore, Seoul and New York. Its products include Institutional separate accounts, mutual funds, private equity funds, hedge funds, CLOs, REIFTs and ETFs.
The co-founder and current President of Highland Capital Management is James Dondero. His responsibilities include determination and execution of Highland’s strategic investment and operational initiatives. James’s experience in credit markets spans over three decades. Serving as the Chief Investment Officer in Protective Life’s GIC subsidiary between 1989 and 1993, he oversaw its growth from concept to over $2 billion. Between 1985 and 1989, he was managing around $1 billion for American Express in terms of fixed income.
The Certified Managerial Accountant graduated, with high honors, from the University of Virginia with a BS in Commerce specializing in Accounting and Finance, and has the right to use the Chartered Financial Analyst (CFA) designation. He also participated in and completed a financial training program at JP Morgan. He has experience in Leverage bank loans, mortgage-backed securities, emerging market debt, investment grade corporate, high-yield bonds, common stocks, preferred stocks and derivatives.
Currently, he has been the President of NexPoint Capital, Inc since 2014 and the President of Nexpoint Multifamily Realty Trust, Inc. since February the same year. He is the Chairman and Director at NexBank SSB. Since February 3, 2006, he has served as the Chairman of Highland Financial Partners. Since July 2001, He has acted as Chairman and Director of Prospect Street Income Shares Inc. He is the current Chairman for CCS Medical, Cornerstone Healthcare Group and Cornerstone Healthcare Group Holding, Inc. He has been a Director of American Banknote Corporation from October 2002, NeighborCare, Inc. from October 2, 2001, TerreStar Corporation from July 2002, Safety-Kleen, Inc. from February 2010, Prospect Street High Income Portfolio Inc. from January 2000, and Leap Wireless International Inc. between August 2004 and 10th September 2007. He is also a Director at Metro-Goldwyn-Mayer and MGM Holdings Inc.
Besides management, James Dondero is also a philanthropist. He has supported initiatives in education, public policy and veteran affairs.