How Highland Capital Has Impacted The Investment Industry
Highland Capital Management, L.P is an investment firm that has successfully accumulated over 20 years experience in offering quality products and services for institutional and retail investors. Highland Capital specializes in a broad range of services that include: alternative credit management, collateralized loan obligations (CLOs), hedge funds, mutual funds, separate institutional accounts, and private equity funds.
The firm is committed to serving its investors by providing value through protection of investor capital, offering exclusive products, and pursuing new investments.
The extensive portfolio targets clients such as foundations, endowments, financial entities, governments, pension plans, and clients with high net worth. The success of the firm is owed to its credit competency and the profitable investment decisions.
Highland Capital was founded in 1990 as a joint venture between Protective Life Insurance Corporation and Mark Okada, the current Chief Investment Officer, and James Dondero, the current President of the firm. Combined, the two have over 50 years of experience in alternative investments, credit, and equity markets.
The SEC later registered it as an investment advisor. In 1997, the founding partners bought out Protective Life and assumed total ownership. The name was changed to Ranger Asset Management, then finally, to Highland Capital Management. It is registered as an independent advisor.
Highland Capital is headquartered in Dallas, Texas, with offices in Sao Paulo, Seoul, Singapore, and New York City. It has over 180 employees dispersed worldwide.
Highland Capital is recognized as an industry leader in the management of CLOs with over $32 billion in asset value under its control. It is a pioneer in this field as Highland Capital was one of the first firms to launch a non-bank CLO in 1996.
The firm is also committed to its corporate social responsibility, and has given out more than $10 million in donations to charities and organizations globally. Apart from donations, Highland Capital is invested in the community through volunteering and taking part in advisory boards through organizations such as ReserveAid and the American Heart Association.
In 2016, the firm was celebrating the listing at the Nasdaq Stock Market of the Highland iBoxx Senior Loan ETF. This listing is thriving under Highland Capital Management Fund Advisors L.P, the retail branch of the firm.
Through the Highland Alternative Investors, the firm projects its investments in energy, real estate, and healthcare. In 2016, the Highland Small-Cap Equity Fund gathered about 32% return on investments in the energy sector. The firm is now focusing its investments in healthcare stocks from Collegium Pharmaceutical Inc. and Pacira Pharmaceutical Inc.