James Dondero founded Highland Capital Management in 1993 and after only a little more than a decade, the fund is already one of the most experience alternative credit managers in the world and has been tested by multiple credit cycles. Highland Capital is also the larges United States collateralized loan obligation manager, which is probably due to the fact that James Dondero and the fund helped to pioneer the CLO and loan markets. The firm also offers services including mutual funds, private equity funds, hedge funds, CLOs, institutional separate accounts, REITs and ETFs.
Before Jim Dondero started Highland Capital Management, he worked for several companies, including American Express, Morgan Guaranty training program and the GIC subsidiary of Protective Life, as an analyst, a portfolio manager, a corporate bond analyst and a chief investment officer. Prior to working, Jim graduated with honors from the McIntire School of Commerce at the University of Virginia. He received a dual degree in accounting and finance. Since his school days, James Dondero has also gotten certified as a Charted Financial Analyst, a Certified Public Accountant and a Certified Management Accountant. Dondero now serves as a board member for MGM Studios and American Banknote. And he is a chairman for CCS Medical, NexBank and Cornerstone Healthcare.
Octa Finance recently did an article analyzing Highland Capital Management. It did the analysis by looking at the firm’s recently filed 13F for the third quarter of 2015. In the filing, they found that there were some major changes made to the fund’s portfolio. The fund increased its position in several companies. Highland lifted its stakes by 60% in American Airls Group Inc, which left it at more than 204 million dollars.
Highland Capital also sold stocks in a number of stocks. Octa Finance could only speculate that it was either due to there being a better place for the firm’s capital, value or momentum. The stocks that were sold include Laboratory Corp Amer Hldgs, Envision Healthcare Hldgs In, Mckesson Corp, Nexpoint Cr Strategies Fd and Spdr Series Trust. These sales amounted to roughly 8 percent of the fund’s entire portfolio that was reported in 13F.
If you would like to read the full article, please go here: http://www.octafinance.com/highland-capital-management-top-10-holdings-in-q3-2015/352793/