Highland Capital Management is a Dallas-based alternative investment company that places money into in public equities and fixed-income markets, focusing on structured products, leveraged loans and high-yield bonds. The private firm has $8.3 billion in assets and employs 115, with $10 billion under its management as of 2018.
The company, founded in 1993 by James Dondero and Mark Okada, operates offices in New York City, Buenos Aires, San Paulo, Seoul and Singapore. It monitors portfolios via an optimization system to see that its clients are well diversified, and that the portfolio is consistent with its performance goals.
Highland Capital Management designed the first loan portfolio tracking software, selling the program to JPMorgan Chase in 2003. It then ventured into the mutual fund area with Highland Capital Management’s acquisition of Columbia Management Advisors bank loan mutual funds commerce.
The company acquired Dallas-based NexBank institutional banking service in 2004, buying ING Capital Managing the following year. The latter acquisition marked Highland’s initial foray into Europe.
Highland Capital is a founding benefactor of the George W. Bush Presidential Center, providing the center with a $10 million public programs endowment in 2018.
In October, Highland was named to the CNBC television network’s Financial Advisor 100 list, which notes the companies that offer the most comprehensive planning and services in helping their clients navigate their financial lives. Get Related Information Here.
Factors included in the network’s rankings include disclosures, years in business, average account size, total accounts under management, number of investment advisors, the ratio of investment advisors to total number of employees and discretionary assets under management. See This Page for more information.
Joseph Sowin was named Highland’s co-chief investment officer in April. He replaced Trey Parker, who moved to running the private equity team earlier this year. Sowin, who was head of global equity trading, will continue to manage the firm’s trading operations.
More about the company on https://www.highlandfunds.com/