James Dondero’s Highland Capital Management is a fund based in Texas, which Dondero co-founded in 1993. The fund primarily focuses on fixed income, distressed investment funds, structured investments, and public equity. The firm’s portfolio is currently valued at around $2.44 billion, according to the latest data from SEC filings. Recently, Highland Capital Management, L.P. upped their stake in Nexpoint Credit Strategies Fund (NYSE: NHF), as per a new SEC filing.
James Dondero’s fund now has 793,036 shares of the firm that amounts to 5 percent of the company’s outstanding common stock. Noticeably, James Dondero owns 3.01 Nexpoint million shares, which translates to 18.8 percent of the total float of the enterprise. At the third quarter’s end, Highland Capital reported $11.68 million in ownership worth of Nexpoint Credit Strategies’ shares as it purchased about 20,286 new shares of the firm in the period.
James Dondero serves as the President of Highland Capital Management, which he co-founded and currently is a resident of Dallas, Texas. James Dondero features an extensive 30 years’ experience in equity and credit markets. He largely has a focus on high-yield and distressed investments. Since the firm’s inception in 1993, Highland Capital Management has been pioneering the growth and development of the Collateralized Loan Obligation market in addition to credit-oriented solutions for retail and institutional investors globally.
Among the firm’s award-winning product offerings include ETFs, REITs, private equity funds, hedge funds, mutual funds, separate institutional accounts as well as CLOs. James Dondero additionally serves as the Chairperson of Nexbank, CCS Medical, and Cornerstone Healthcare. He is also a member of the MGM Studios and American Banknote’s boards. Philanthropically, James Dondero has been profound and proactive in all his giving. He supports initiatives affecting veterans’ affairs, education and public policy.
Before creating Highland Capital, James Dondero worked with AUM helping in developing Protective Life’s subsidiary, GIC, from scratch to more than $2 billion while serving as the Chief Executive Officer. Before that, James Dondero has served at American Express as a Bond analyst and eventually a Portfolio Manager. Dondero made his career debut as an analyst in the training program of Morgan Guaranty in 1984. He is among alumni of the University of Virginia and a Certified Management Accountant (CMA).