Highland Capital Management now has a new member on its executive committee, a current credit research director who will now become the co-Chief Investment Officer. The position is currently held by Highland founding partner Mark Okada, but with Parker now sharing the position Okada will get to focus on the Floating Rate Opportunities Fund and also direct the finances of the subsidiary Acis Capital Management. Parker will still work closely with the credit division but will now also have access to the Equity and Structured Products Investment Committee. Dondero has been pleased with Parker’s work and says he’s possessed an acute understanding of what Highlands’ clients need. Read more about James Dondero at Daily Forex Report.
Highland Capital is located in Dallas, TX, but it’s partnered with private equity firms all across the globe with investments in both the public and private sector, including recently teaming up with Korean firm Stonebridge Capital in a private pension and healthcare fund. Collateralized Loan Obligations (CLOs) are Highland’s primary product, but its strategies are diversified into many equity areas including healthcare, fixed income, high-yield credit funds, distressed companies and real estate. The firm has raised billions in client assets over the years and currently manages about $15 billion. Highland Capital is also partners with the Dallas Foundation and through that organization has supported non-profits including the Family Place. Visit his website at jamesdondero.com.
James Dondero is the CEO and co-founder of Highland Capital who holds an bachelor’s and master’s from the McIntyre School of Business at University of Virginia, a certification from Morgan Guranty and several years as a corporate bond analyst for American Express. Okada was vice president of the loan department at Hibernia National Bank prior to teaming up with James Dondero when he arrived at Protective Life GIC. The two took the planned investment firm there from concept to having over $2 billion in AUM. From there, the company grew into a major private equity firm and changed its name to Highland Capital, and thus far it has earned quite the reputation for its investment strategies and turning around troubled corporations into profitable ones.