How Highland Capital Management Benefits The Dallas Community

It was in 1990 that the beginnings of the financial firm Highland Capital Management began to form. Two business partners, James Dondero and Mark Okada, created a joint venture in partnership with Protective Life Insurance Company. This venture specialized in government and corporate bonds along with senior secured bank loans. The company was named Protective Asset Management Company in 1993 and was owned 60% by Protective Life and 40% by Dondero and Okada. In 1997, Dondero and Okada bought out Protective Life’s stake in the company and renamed it as Ranger Asset Management, L.P. and then in 1998 renamed it again as Highland Capital Management. In 1996, this company was one of the first to explore collateralized loan obligations and has been the market leader in this asset class ever since. It also invests in other alternative investments such as high yield credit, real estate, emerging markets, and distressed & special situation middle market companies. The types of clients that seek out Highland Capital Management’s financial products includes high net worth individuals, pension plans, foundations, corporations, and government entities. In addition to its headquarters in Dallas, Texas, Highland Capital Management also maintains offices in New York, Singapore, and Seoul. Engaging in philanthropy lies at the heart of Highland Capital Management’s social responsibility. The company and its management have donated more than $10 million since 2005 to various causes in Dallas as well as around the world. In 2016, the company announced a $1 million challenge grant in support of The […]

Continue Reading →