Last year, the Dallas-based global investment manager, Highland Capital Management, named Trey Parker as a co-chief investment officer. Mr. Parker will be sharing the CIO role with the firm’s co-founder Mark Okada. Together, the dual CIOs oversee the Highland’s $13 billion investment platform. Mr. Parker was promoted to the position from his role as head of the firm’s credit research platform.
“This is a well-earned promotion for Trey,” said Mr. Okada. “For over a decade Trey has been a driver of operational alpha in numerous areas across the firm, from streamlining research and risk management processes to enhancing collaboration across disciplines—all motivated by improving client outcomes. He enters this role not only with the full support and respect from Jim [Dondero] and me, but also with that of the entire firm, and it’s a privilege to have him alongside me leading our investment platform.”
Climbing the Corporate Ladder
Mr. Okada and his co-founder James Dondero founded Highland Capital Management in 1993. Over the past 25 years, the company has expanded into a global leader in money management. Trey Parker joined the team at Highland in 2007. Since then, he has climbed through the org chart in the investment team, ultimately landing in his role as head of credit research while also managing portfolios for various credit funds. Eventually, he became a partner at the company in 2015.
“Trey’s investment platform oversight facilitates our growth and performance in the new era of asset management,” said Highland co-founder and president James Dondero. “Trey understands and anticipates clients’ needs, which is at the core of Highland’s strategy.”
Mr. Parker welcomes his new role with an appreciation for those who came before. “I’m humbled by this recognition from Jim and Mark and grateful for the trust they’ve placed in me,” he said. “The entrepreneurial culture and disciplined and bold investment style that they have cultivated since founding Highland 25 years ago are cornerstone philosophies for the entire organization. That foundation, paired with a commitment to enhance firm scalability, fuels my excitement and confidence in our future prospects.”
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Co-CIOs Share Responsibilities at Highland Capital Management
While two men are sharing the role of CIO, both Mr. Okada and Mr. Parker will retain their own duties when it comes to portfolio management. Mr. Okada will proceed in his role as a co-portfolio manager of the Highland iBoxx Senior Loan ETF and Highland Floating Rate Opportunities Fund. Also, he keeps his portfolio management role on individual institutional funds and other accounts. In addition, Mr. Okada remains head of Acis Capital Management, Highland’s structured products business. As for Mr. Parker, in addition to keeping his position as a co-portfolio manager on the Highland Opportunistic Credit Fund, he also continues to serve on the Executive Committee and the Credit and Private Equity Investment Committees. As co-CIO, Mr. Parker has some additional duties and responsibilities on the job.
When Mr. Parker moved into his new role as co-CIO, Highland also promoted Jon Poglitsch as head of credit research. Mr. Poglitsch has taken on Mr. Parker’s previous duties in leading the credit research team and platform.
About Trey Parker, Highland’s New Co-CIO
Before he came to Highland, Mr. Parker worked at various financial institutions. He served as a Senior Associate at Hunt Special Situations Group, L.P. where he sourced, executed and monitored control private equity investments. In 2004, Mr. Parker worked as an analyst at BMO Merchant Banking where he completed a number of leveraged buyouts and mezzanine investment transactions. He also has experience in sales and trading for First Union Securities and Morgan Stanley. Mr. Parker graduated with an MBA in Finance, Strategy and Entrepreneurship from the University of Chicago Booth School of Business and a BA in Economics and Business from the Virginia Military Institute. Mr. Parker serves on the Board of Directors of Euramax Holdings, Inc., TerreStar Corporation, JHT Holdings, Inc., and a non-profit organization, the Juvenile Diabetes Research Foundation (Dallas chapter).
About Highland Capital Management, L.P.
Highland Capital Management, L.P. is an SEC-registered investment adviser that, together with its affiliates, has approximately $13 billion of assets under management. Founded in 1993 by James Dondero and Mark Okada, Highland is one of the largest and most experienced global alternative credit managers. Highland specializes in credit strategies, including credit hedge funds, long-only funds and separate accounts, distressed and special-situation private equity, and collateralized loan obligations (CLOs). Highland also offers alternative investments, including emerging markets, long/short equities, and natural resources. Highland’s diversified client base includes public pension plans, foundations, endowments, corporations, financial institutions, fund of funds, governments, and high net-worth individuals. Highland is headquartered in Dallas, Texas and maintains offices in New York, Sao Paolo, Singapore, and Seoul. For more information visit highlandcapital.com.