Highland Capital Managment Wins Yet Another Prestigious Award
HFM US Hedge Performance Rewards has selected Highland Long/Short Healthcare Fund in the 40 Act Funds category. The Highland Long/Short Healthcare Fund is managed by the well-known Highland Capital Management Firm headed by James Dondero. Catering to assets in the healthcare industry, the fund seeks to appreciate portfolio taking long-term positions in public equities across a variety of markets in the healthcare sector.
The award is a testament to the expertise of Highland’s management that continues to impress investors. For instance, the award is only offered to funds that are consistently performing in the long-run based on the 1-year, 3-year and 5-year investment patterns. Unlike other performance metrics, HFM rewards are also acknowledged by experts because it considers investor opinion, risk-taking appetite and expertise of fund managers. In an official statement by the company’s CEO, James Dondero praised the diligent efforts of Michael Gregory and his team in producing great results for investors. Michael Gregory is also CIO and global head of Highland Alternative Investors. Under his guidance, the 11 member team dedicated to managing healthcare related funds oversees over $3 billion in assets under management. The Healthcare is the largest sub-sector in the Highland portfolio, which constitutes over $20 billion in total assets. As part of its fund strategy, the fund is geared towards long-term investment with the ability to excel in both up and down markets.
About the Founder, James Dondero.
Perhaps, the performance of Highland Capital Management is reflected in the expertise of its founder, James Dondero. Jim has actively focused on hedge fund management for the last 30 years. His financial expertise includes management of collaterized loan obligation securities as Jim was the first individual to launch non-bank CLO fund in 1996.
Before founding Highlands Capital Management, Jim successfully oversaw many award-winning funds at a subsidiary of Protective Life and as an income fund manager at American Express. Recently, James Dondero announced inclusion of another industry’s stalwart, Terry Jones. The step is likely to strengthen broader institutional framework at the firm that has always relied on providing superior risk-adjusted performance since inception.