James Dondero founded the investment firm Highland Capital Management in 1993. In the past 2 decades Jim Dondero has the build company up into a giant fund. The firm offers a wide variety of services, including retail and institutional funds with diverse strategies, distressed for control private equity funds, ETFs, credit hedge funds, long-only credit funds, long and short equity funds, oil and gas funds and emerging markets credit funds. The firm is still independently owned and serves both institutional and retail investors. The fund is made up of more than 180 employees in their offices in Dallas, New York City, Sao Paulo, Seoul and Singapore. Jim Dondero has created a client base of high-net worth individuals, governments, financial institutions, corporations, foundations and endowments and pension plans.
Prior to leading Highland Capital Management, Jim served as a Chief Investment Officer, analyst, portfolio manager and corporate bond analyst. James Dondero worked in a variety of companies in these different positions and gained experience working himself from the bottom to the top. Jim also serves his community with his board membership of MGM Studios, American Banknote, CCS Medical, Cornerstone Healthcare and Nexbank. He has also gotten certified in a number of positions over the course of his career, including as a Certified Public Accountant, a Chartered Financial Analyst and as a Certified Management Accountant.
Highland Capital Management’s financials were recently reviewed by Octa Finance. The online newspaper analyzed the 13F filing from the fund’s third quarter of 2015. In the filing, Octa Finance found interesting details such as different stocks that the fund sold out of or reduced positioning in. The fund sold out its stakes in Laboratory Corp Amer Hldgs, Envision Healthcare Hldgs, Mckesson Corp, Nexpoint Cr strategies Fd and Spdr Series Trust. In total these reductions constituted roughly 8 percent of the fund’s portfolio.
The fund also significantly reduced its position in several stocks. It reduced its position in Ishares Tr by 52 percent. It reduced its position in American Airls Group Inc by 56 percent. The firm reduced its position in American Express Co by 17 percent. The fund reduced its position in Anadarko Pete Corp by 76 percent. The company reduced its position in Nrg Energy Inc by 20 percent. The article could not comment on shorts.
For those who would like to read the full article, click here: http://www.octafinance.com/highland-capital-management-top-10-holdings-in-q3-2015/352793/