James Dondero: Quarterly Report of HCM

James Dondero co-founder and president of Highland Capital Management (HCM), filed the 3Q 2015 report on 3rd February 2016 where they had a portfolio market value of $3.42 billion. The data also showed that HCM had acquired 69 new positions, increased the ones they previously held and sold others. The areas acquired included Eagle Pharmaceuticals Inc. among others while those sold included American Express Co. (call) while those increased included American Airls Group Inc. (call). The hedge fund lifted the share of Information Technology sector from 16% to 18% while they decreased Health Care by 20% and Finance by 38%.

HCM has been on the market since 1993 and managed about $21 billion together with their affiliates. It’s one of the most experienced credit manager globally who use check and balances so as to help reduce volatility and risk. It’s registered by SEC as an investment advisor. It has it head office in Dallas, Texas and offices in Sao Paulo, Seoul, Singapore and New York. Over the years, HCM has had clients like governments, endowments, high-end individuals, public pension plans, corporates and foundations among others. It’s due to their wide range of products which they have specialized in like Credit strategies, which include credit hedge funds, collateralized loan obligations, long-only funds and separate accounts among others that have seen them reach where they are. Without forgetting the leadership of Jim, who has over 30 years of investing in high-yield and distressed investments.
Jim holds a BSc. in Commerce from the University of Virginia. He has other academic qualifications like Chartered Financial Analyst and Certified Management Accountant. He began his career by joining Morgan Guaranty training program where he worked as an analyst. From there he moved to American Express as a Corporate Bond Analyst and later became Portfolio Manager. Jim Dondero saw GIC, a subsidiary of Protective Life rise from its birth to a $2 billion in AUM in just less than four years. Currently, he is also the chairman of Nexbank, Cornerstone Healthcare, and CCS Medical. Jim is also involved in volunteer activities like education and public policy.
Under his management, HCM pioneered the development of Collateralized Loan Obligation and also have played a significant role in formulating credit-oriented solutions for investors globally. They have also won various awards for products offered. These included hedge funds, institutions separate accounts, private equity funds, ETFs and mutual funds among others. Jim is also a board member of MGM Studios and American Banknote. For more information, click here.
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