Dallas’ premier investment management firm, Highland Capital Management, L.P., reported in PR Newswire they have brought on Terry Jones to be President of Institutional Products for the company. Working under the President and Co-Founder, James Dondero, Jones will enhance their business to business availability. Currently, Highland and its affiliates managed $20 billion for their clients.
Jones will apply his twenty-five years of expertise to raise Highland’s risk management systems to the next level across all of their systems. His experience includes time at Hedge Fund Strategies Group of Goldman Sachs as the Global Head of the Relative Value and Event Driven Sectors, as well as being on the board of Genworth Life Insurance Company of New York. Jones was trained at Columbia, where he received his Bachelor of Arts in Economics and earned Beta Gamma Sigma from Columbia Business School.
Highland is well-known for their ability to stay ahead of market cycles by leveraging the strengths of distressed and hedged equities alongside below-investment-grade credit. Pairing even greater transparency with Jones’ new approach to risk assessment, Highland’s clients will have a clearer image of potential opportunities and risks in their portfolio.
Dondero graduated from the University of Virginia with a Bachelor of Science in Commerce with a focus in Accounting and Finance. He began his career at American Express and grew to manage $1 billion in funds. Next Dondero moved onto Protective Life as Chief Investment Officer and grew their GIC subsidiary to $2 billion.
In 1993, Dondero founded Highland Capital Management, L.P. with Mark Okada in Dallas, Texas. Specializing in credit hedge funds, collateralized loan obligations, and private equity from special situation and distressed markets, Highland has leveraged its expertise to manage $20 billion dollars of assets. With offices from Seoul to Sao Paolo, Dondero has become the person to turn to as an investment resource for endowments, foundations, financial institutions, and governments.
Serving on the boards of MGM Studios, American Banknote, CCS Medical, Nexbank, and Cornerstone Healthcare, Dondero is one of the most active philanthropists dedicated to public policy, health, and education. Polly Weidenkopf is the Executive Director of Reserve Aid expanded with, “Mr. Dondero’s support for our organization has enabled us to expand the number of cases we can consider and establish a foundation to grow our operation.” Highland, Dondero, and their partners have collectively donated $10 million in the last decade across the world.