James Dondero is the President and Co-Founder of Highland Capital Management. He founded the company in 1993, after he had had 20 years of experience. Jim has helped Highland Capital to grow, expand but mostly importantly find its niche, which is two fold. The first aspect of the niche that the fund has created is a developed market for Collateralized Loan Obligation. The second aspect is that the fund is able to develop excellent credit based solutions for their clients around the world, who are both institutional and retail investors.
Jim Dondero started out in the finance world by studying at the University of Virginia. He graduated with honors and a degree in accounting and finance. Since graduation, Dondero has managed to get qualified as a Chartered Financial Analyst, a Certified Management Accountant and a Certified Public Accountant.
Before he founded Highland Capital Management, Dondero first worked as an analyst for the Morgan Guaranty training program for a year. After that, Dondero was a Corporate Bond Analyst and then a Portfolio Manager for American Express. After 4 years at American Express, Dondero moved to a Protective Life GIC subsidiary and served as the Chief Investment Officer. Besides serving as President of Highland Capital Management, Dondero is also a board member and Chairman of several associations and organizations.
In a recent article by Octo Finance, the third quarter 13F of Highland Capital Management was analyzed. The article showed the the hedge fund’s portfolio value had decreased from 4.91 billion dollars, in the second quarter, to 3.42 billion dollars. The current value of the portfolio only represents 22.73 percent of the fund’s assets.
The hedge fund purchased 69 news stocks during the third quarter, including Spdr S&P 500 Etf Tr, Danaher Corp Del and Amazon Com Inc. The fund also increased its position in several stocks, including Burlington Stores Inc, Corning Inc and Kinder Morgan Inc Del. They also sold stocks in Nexpoint Cr Strategies Fd, Envision Healthcare and Laboratory Corp Amer Hldgs.
There are some patterns to the decreased and increased positioning that the fund has taken. They have transitioned into different sectors. The firm was heavily invested in finance and health care but as slowly moved out of both in favor of a more spread out approach.
For those who would like to read more, please find the complete article here: http://www.octafinance.com/highland-capital-management-top-10-holdings-in-q3-2015/352793/