Highland Capital CEO James Dondero Featured In Barron’s Alternative Investments Column
James Dondero has placed investor funds in various private equities over the years, and some made some surprising returns thanks to his insights. He’s the CEO of Highland Capital Management, a Dallas private equity firm that has made an impact on the community. Dondero’s investments have been made in both foreign nations and domestic airlines and energy companies among others. Barron’s, the insider’s magazine highlighted these predictions. It was Dondero in 2014 who predicted that Argentina would make a profitable economic recovery on the election of Mauricio Macri, and sure enough in about a year the Argentine bonds started yielding higher profits. He also bought the shares of Vistra Energy, a natural gas company that even Warren Buffet had lost money on and turned their debt into profitable equity.
James Dondero is a chartered financial analyst, having earned that certification during his time at American Express. He graduated from the University of Virginia with a bachelor’s degree in accounting and finance and then enrolled in the Morgan Guaranty Training Program when his attempts to join the real estate market didn’t work. He became a credit analyst for American Express, and before long he started moving up to become a senior portfolio manager. In 1993 he was invited to come to Protective Life Insurance to help start their GIC subsidiary. After growing this company along with Mark Okada to over $2 billion in assets under management, he was able to take the company public and soon had made enough in profit to buyout the shares.
The company was renamed Highland Capital Advisors, LLC in 1998 and Dondero began adding wealthy clients from around the nation to the firm’s portfolio. He became most known for advising in collateralized loan obligations, a special kind of bond funds that yield high risk and are placed in tranches. Highland Capital also has alternative funds in healthcare, fixed income, global derivatives and long and short equity. Dondero is also on the executive boards at Nexbank, MGM Studios, Cornerstone Healthcare and CSC Medical. Dondero also contributes to local philanthropies such as the Dallas domestic violence shelter the Family Place. Source of the article : Click Here.