An early financier in collateralized loan obligations, James Dondero, has turned fixed income into US$15 billion through Highland Capital Management that he co-founded. He has made daring calls on each and everything from Argentina to American Airlines, and found value in a broke Texas energy company after Buffett lost money.
Highland provides mutual fund investors liquid and somewhat cheap access to its best investment ideas, created by Dondero, through Highland Global Allocation fund of approx, $894 million. The fund that is up 29.6% over a year sits in world allocation category of Morningstar, but it also bears a close resemblance to many of its peers.
While an average international allocation fund holds around four hundred securities, this holds under 200, and around forty percent of the resources can concentrate on very few themes, ranging from one, single company to multi companies in the similar sector. Dondero once said that he along with his team of experts can put them in an overall portfolio and won’t call them a theme. Recent themes include Argentina, master limited partnerships and the restructuring of Vistra Energy.
James Dondero, president, and co-founder of Highland Capital Management has donated millions in proceeds to charities and Dallas-area non-profits. He believes that sharing is caring and that is why he committed to help a student in their education. HCM is working hard to improve educational opportunities for those who are living in Dallas-Fort Worth area has turned it into a growing list of donations and partnerships that are enriching the lives of Dallas people.
US$2 million donation by HCM to Southern Methodist University offers undergraduate students exceptional educational background with exposure to different public policymaking, access to key global leaders and opportunities for study-abroad initiatives.
Highland Capital Management also invested US$1 million donations in bringing hippos back in the Dallas Zoo to amaze the kids of Dallas. The donation that been offered by HCM with the approval of co-Founder James will cover the constructing costs of Highland Capital Lodge, a 5,000-square-foot center which will be used for exclusively for private events and special displays and will be available for free for Dallas resident (depends on the availability of your chosen date.)