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.

Leave a Comment