In an attempt to block foreign investors from shorting the Yuan, the Chinese government bought up huge amounts of the Yuan. They have been attempting to stop the slide of their economy since their economy took a hard hit late last year. This attempt has failed to stop the slide of their currency on the world market and has resulted in more turbulence within their economy.
The government has been struggling to keep their cash inside the country, but efforts have largely failed as investors have been looking to Shanghai where the interest rates have been lower. The People Bank of China has been working to adjust the interest rates to discourage betting against the Yuan. They have also increased their rhetoric, alleging George Soros is at “war” with them over their currency.
Highland Capital Management has been keeping a close eye on the events unfolding in China. Their team of experienced financial consultants are assessing the situation on a regular basis to see how they can strategically place their interests to best help their customers.
Highland Capital Management is an international investment company with offices in Dallas, New York, Sao Paulo, Singapore, and Seoul. They are registered with the SEC and handle over $21 billion dollars of investments. They are considered experts in credit strategies, collateralized loan obligations, distressed private equities, long-only funds, and separate accounts. They have a client base that includes pension funds, financial institutions, and high net worth individuals.
James Dondero is the co-founder
and President of Highland Capital Management. Jim founded the company with Mark Okada in 1993 and has pioneered the field of collateralized loan obligations. He began his career
in 1984 with the Morgan Guaranty Training Program. This was after he graduated Beta Gamma Sigma and Beta Alpha Phi from the University of Virginia with degrees in Accounting and Finance. He is a Certified Public Accountant(CPA), Certified Management Accountant (CMA), and Certified Financial Analyst(CFA).
In addition to running the helm of Highland, Jim is also a philanthropist
, heavily involved in supporting veteran’s affairs, educational initiatives, and public policy. He also sits on the board
of American Banknote and MGM studios.
While the occurrences in China may be disturbing to some people, Highland Capital Management is patiently waiting to see how the situation plays out. The reports are striking with the volatility but Highland and James Dondero are confident they’ll be successful in the situation. Follow Jim on Facebook
to stay up to date on the stock market.
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