UPDATE October 26, 2016
James Dondero is known as the president and co-founder of the Highland Capital management. In recent news, he awarded a $1 million grant in order to help The Family Place, which is an organization out of Dallas that leads the way in supporting victims of family violence. Not only is this grant significant on its own, the grant also matches 50% of any funds that are raised for the campaign up to $1 million. Thanks to this announcement, more than $200,000 has been raised for The Family Place and there continues to be donations every single day. The fundraising goal for The Family Place is $16.5 million but it seems to be on its way of reaching that number in no time.
Highland Capital Management, a SEC registered company is well-known in the finance and investment industry. It manages more than $21 billion assets as of 2012 and is one of the largest global alternative credit managers in the world. Highland Capital Management offers a wide range of services in finance, such as credit strategies, private equity, long-only funds, collateralized loan obligations and separate accounts. Those who know this firm or have been its customer knows that this is one company that has all solutions for personal as well as professional financial needs. It has a diversified client base which means clients are from various backgrounds including corporation, financial institutions, governments, foundations and individual investors.
Highland Capital Management although headquartered in Dallas, Texas has offices all over the world, such as New York, Seoul, Singapore and Sao Paulo. For the past two decades, the company has been making major progress in the financial world, which was also the time it went through a significant evolution. Founded by James Dondero in 1990 and Mark Okada his business partners, what started as a joint venture with Protective Life Insurance Corporation has grown to an incredible height. The venture transformed itself into Protective Asset Management Company in 1993 where 60% of its assets were owned by Protective Life and the rest by its founders, started offering services like management of secured bank loans, fixed income markets and investment advice. Under the leadership of James Dondero, it became known as an investment adviser for individuals and corporations as well. The founders purchased the company stake in 1997 and established a SEC-registered independent advisory firm called Ranger Asset Management, L.P which was then termed as Highland Capital Management.
With more than three decades of experience in the credit markets, James Dondero wears many hats in his company. He is the president as well as the co-founder of Highland Capital Management. Along with Marks Okada, James Dondero has brought a wide range of new investment vehicles in the credit sector, one of the popular products being Collateralized Loan Obligation or CLO. James Dondero has worked in a number of public and private sector credit markets before launching HCM. He has also worked for Protective Life’s GIC subsidiary while raising and managing more than $2 billion in financial assets. James Dondero has held positions in credit card company like American Express as well, overseeing $1 billion plus amount in fixed income funds.
James Dondero graduated with a degree in Accounting and Finance from University of Virginia. He is a certified management accountant and chartered financial analyst. He is also the chairman/member of the board of directors for NexBank, CCS Medical and Cornerstone Healthcare, MGM studios and American Banknote.