Market volatility is growing every hour and nothing is more telling than the recent risk mitigation strategy borne out by James Dondero, head honcho of Highland Capital with his appointment of Terry Jones to lead institutional allocations risk management. It is not a matter or if but when the market will suffer another disastrous tumult to each and every economy in the global markets and especially at home. Highland Capital prides itself in being expertly staffed by those who build wealth and protect is from all types of market shake ups. James Dondero is the most well prepared leader in any hedge fund management group and is extremely keen to recognize when such a strategic hire is required.
Dondero, the most prodigious financial credit product innovator in hedge fund management of our generation, has kept up his high level of performance by choosing to delegate Terry Jones to such an important position. Dondero has more than thirty years of credit market management experience from his early days working with the Morgan Guaranty training program, managing their credit asset portfolio. He became a stellar credit fund manager while in his first position after earning finance and accounting titles of CFA, CMA and CPA, and graduating with the highest honors from dual higher education institutions of the University of Virginia and the McIntire School of Commerce.
Dondero is Chairman of the Board for Nexbank, American Banknote, and MGM where he continues making well informed decisions in and around large billion dollar fund accounts and credit product investment vehicles. The CLO or the Collateralized Loan Obligation was created by Dondero and his team members. It is no surprise that he has added a key member to the team that will cover all the risk assessment bases as the global economy deals with the ever turbulent financial atmosphere of these times and into the future.