Highland Capital Management is one of the world’s most experienced credit management firms. The company was founded by James Dondero and Mark Okada in 1990. The company was established through a joint venture that was with Protective Life Insurance Corporation. The venture included specialization on management of senior secured bank loans and fixed income markets. Just three short years later in 1993, the venture with Protective Life Insurance Corporation changed and evolved into a company called PAMCO. PAMCO is short for Protective Asset Management Company. With this change the founding partners now shared 40% of the profit from all sources.
The Company Merges Yet Again
In 1997, the company changed from PAMCO to the Ranger Asset Manamagent and just one year later it finally changed once and for all to a title familiar around the globe today. This time the change was to Highland Capital Management. The year 2000 was a big year for the company. It was this year that they first established an alternative investment platform. It was also the same year that the company launched it’s very first ever, commingled bank loan fund. In 2004 expansions continued and Highland entered into the mutual fund realm of opportunities.
President and CoFounder Brings Alot to the Company
James Dondero is the president and Co-founder of Highland Capital Management. Prior to co-founding this company James worked with Protective Life’s GIC subsidiary. James is the chairman of the board for NexPoint Residential Trust, Inc. James currently resides in the state of Texas where he is able to oversee investment strategies for the institutional and retail products offered through Highland Capital Management. James is also one of the pioneers of the CLO. The CLO is also known as the Collateralized Loan Obligation. James has received several awards throughout his time with Highland as well as before. He has received the Lipper Award for Floating Rate Opps, the Morningstar 5-star designation for awards as well as the Healthcare Long/Short equity fund through Morningstar. James obtained his bachelor’s degree from the University of Virginia in 1984. Jame’s dedication shows through everything he is involved with and that shows a lot about a person.