James Dondero founded Highland Capital Management in 1993. Over the course of two decades he led the firm to significant success. A big year for the fund was in 2000. The first thing that occurred was Highland Capital developing the fund’s very first total return strategy, which focused on distressed assets. Previously the firm had only concentrated on collateralized loan obligations and separate accounts. The second big move that Highland Capital and James Dondero made was establishing their first 2 bank loan separate accounts. These accounts were largely for big public pension plans in Canada and the United States. Highland provides a number of services to its clients including, emerging markets credit funds, ETFs, private equity funds, credit hedge funds, long or short equity funds and oil and gas funds.
The the firm has now grown to an enormous size, Jim Dondero started out his career in a small way, by just getting a degree. Jim graduated from the University of Virginia after receiving a degree in finance and accounting. Jim Dondero then went on to work for American Express as a corporate bond analyst and a portfolio manager. Over the course of his career, Jim got certified as a Certified Public Accountant, a Certified Management Accountant and a Chartered Financial Analyst.
In a recent analysis of the fund’s 13F, Octa Finance published an article that covered some of the changes that Highland Capital Management had undergone during the third quarter of 2015. One of the aspects touched on in the article was the top 5 new buys that the fund had made over the course of the quarter. The fifth biggest buy was in Intra Cellular Therapies Inc, which nows represents .46 percent of the fund’s portfolio. Danaher Corp Del was the fourth biggest buy, sitting at .50 percent of the firm’s portfolio. Representing .52 percent of the fund’s portfolio is now Eagle Pharmaceuticals Inc, which was the fund’s third biggest new buy. The second biggest new buy is Amazon Com Inc and it now shows .69 percent of the fund’s portfolio. The biggest new buy that Highland Capital made during the third quarter was Spdr S&P 500 Etf Tr. This stock represents 1.96 percent of the company’s portfolio. The fund also had significant sector movement out of healthcare and finance.
For those who want to read further, please go here: http://www.octafinance.com/highland-capital-management-top-10-holdings-in-q3-2015/352793/