Highland Capital Management, L.P., is an investment advisory company located in Dallas, Texas. The company was established in 1993 by co-founders Mark Okada and James Dondero. The company is registered with the SEC (Security Exchange Commission). Highland is very community minded and wears a very prominent philanthropic hat. The company advocates for volunteerism and involvement with charitable organizations through working on the advisory boards. The company also contributes financially to local and national non-profit organizations. The company believes in helping those that need help and contribute to the organizations whose mission it is to help those in need. Highland focuses their philanthropic work on veteran initiatives, healthcare and education. Read more at bloomberg.com.
Highland has grown considerably over the years into one of the largest worldwide alternative credit managers. The company began as a partnership, in 1990, with an insurance company and the focus became fixed income markets. The company then morphed into a company called PAMCO. The company was partially owned by the co-founders Mark Okada and James Dondero and the initial insurance company. Okada and Dondero eventually purchased all of PAMCO and established a company called Ranger Asset Management, LLP.
They ultimately changed the name of the company to Highland Capital Management, L.P.
Okada and Dondero has provided the leadership for the company and helped it grow into what it is today. They have developed new and improved products such as the bank loan fund and the alternative investment 40 Act platform. Highland also got into the mutual fund business by procuring two floating rate funds from Colombia Asset Management. Highland also turned a pioneering effort into another success with the development of the collateralized loan obligation (CLO). Since its inception, Highland has developed and managed more than 39 CLO’s.
The company expanded its platform of investments when they established the first total return strategy by focusing on distressed assets. They also established two bank loan accounts for large public pension plan funds. Highland Capital continues to help investors achieve their financial goals within their level of risk. The strategies employed by Highland are diverse and sometimes structured for to meet specific client needs. Read this article at investopedia.com.