James Dondero is the Co-Founder and President of Highland Capital Management. Jim also serves as a board member of MGM Studios and American Banknote. He is also Chairman of CCS Medical, Cornerstone Healthcare and NexBank. But not only is Dondero currently involved in many different companies and organizations, he has had extensive experience with a number of different corporations.
Jim Dondero started out as an analyst for the Morgan Guaranty training program in 1984. A year later, he switched to American Express and was a Corporate Bond Analyst. He then moved within American Express to be a Portfolio Manager. In 1989, Jim left American Express for the GIC subsidiary of Protective Life, where he served as the Chief Investment Officer. He helped to take the subsidiary from incorporation to 2 billion dollars in 4 short years. In 1993, Dondero decided to found Highland Capital Management and with his 30 years of experience in the field, he has helped to lead the fund to significant success.
The fund now manages roughly 15 billion dollars and offers products such as mutual funds, private equity funds, hedge funds, CLOs, Institutional separate accounts, REITs and ETFs. One of the funds specialties is developing the Collateralized Loan Obligation market. Another big area for the fund is to develop solutions that are credit oriented for retail and institutional investors also over the world.
In an article recently released by Octa Finance, Highland Capital Management’s third quarter was analyzed. The fund had a decrease in value from the second quarter of 1.49 billion dollars. During the third quarter, the fund started to change their portfolio up. The hedge fund bought 69 new stocks in total, including Danaher Corp Del, Eagle Pharmaceuticals and Amazon Com. The hedge fund also increased its position is several stocks, including Salesforce Com Inc, Corning Inc and Patterson Companies Inc. The third quarter ended with the top 3 holdings being in Salesforce Com, Ishares and American Airls Group.
The biggest shifts in the hedge fund’s portfolio can be seen in the sectors that they are currently involved in. The fund decreased their position in both the health care and the finance sectors significantly and increased their position in the information technology sector from 16 percent to 18 percent.
If you would like to read the whole article, you can go here: http://www.octafinance.com/highland-capital-management-top-10-holdings-in-q3-2015/352793/