Investment Firm

How Anthony Petrello managed to be the President of a Highly Rated Company in the Oil and Gas Industry

One of the professional traits that define an executive in the oil and gas industry is dedication. This is because for one to be the head of an oil and gas company, she or he should be committed to helping the company address customers’ complex demands. Anthony Petrello attributes much of his success, as an executive officer for Nabors Industries, to his hard work and dedication.

Education and Work Experience

Petrello is an alumnus of both Harvard Law School and Yale University. He acquired a master’s degree in math from Yale and a J.D from Harvard. His campus roommate in Yale University was Lloyd Grove, an editor for The Daily Beast. Grove once published an article on how humility contributed to Petrello’s success. As an attorney, Petrello worked at Baker & McKenzie, which is based in New York. The law firm benefited from his expertise when he held the position of managing partner for five years.

In 1992, he decided to venture into the oil and gas sector after his short tenure in the law field. His first job in the sector was at Nabors Industries. He was hired as the president of the company, which is a branch of a Canadian multinational known as Nabors Exchangeco. Petrello was also the director of Stewart & Stevenson and MediaOnDemand.com before joining Nabors Industries. He played a huge role in restructuring the services of MediaOnDemand.com as well as recruiting competent personnel to work for the tech company.

Nabors Industries

Anthony Petrello is regarded as one of the longest-serving executives of Nabors Industries. As he held the chief executive officer position, the company generated revenue of more than $6 billion yearly from its services and products. Petrello is also celebrated for his efforts in growing Nabors’ professional team. Before he joined the firm, it had about 1,000 employees. During his CEO tenure, the firm’s professional team grew to 20,000 employees. In 2003, Nabors’ executive board named Anthony Petrello as the deputy chair. Nine years after his appointment, he was also promoted to board chair.

To know more visit @ http://executives.findthecompany.com/l/18290/Anthony-G-Petrello

Highland Capital Management’s Role As A Top Alternative Investing Firm

Highland Capital Management is an alternative investing company that is headquartered in Dallas Texas. The alternative investments that the company specializes in include real estate, distressed & special situations, high yield credit, emerging markets, and long/short equity. Highland Capital Management also manages hedge funds and structured investments.

In 1993, Highland Capital Management was founded by Mark Okada and James Dondero. Mr. Okada serves as the Chief Investment Officer while Mr. Dondero is the President. Under their leadership, the company has achieved almost $15 billion in assets under management. The company has also grown into an international company with offices located in Dallas, New York, Seoul, Singapore, and Sao Paulo. Highland Capital Management’s clients include high net worth individuals, public pension plans, endowments, corporations, fund of funds, and governments.

One of Highland Capital Management’s fund achieved huge growth in 2016, tripling the return of the S&P 500. The Highland Small Cap Equity Fund had invested heavily in energy stocks which paid off with a huge 32% annual return. This fund is managed by James Dondero and Michael Gregory, who is the Chief Investment Officer for Highland Capital Management’s subsidiary Highland Alternative Investors. For 2017, Michael Gregory believes that the healthcare sector will have a huge rebound over its 2016 performance where its return was -2.1%. He believes this rebound will happen because of the public health epidemic the United States has with opioid addiction. This epidemic will spur insurance companies to speed up the approval process for a new generation of less addictive painkillers.

Highland Capital Management gives generously to charities and nonprofits in the Dallas, Texas community. An example of this was the $1 million challenge grant that the company issued in support of The Family Place. The company matched up to $1 million in donations in order to complete this facility. The Family Place is a Dallas counseling center that provides assistance to those who suffer from family violence. It provides emergency shelter, counseling, job-training services, and a medical and dental clinic. Additionally, the management Highland Capital donates their time and expertise to various causes, such as James Dondero who is on the Southern Methodist University Cox School of Business Board.