How Highland Capital Management Evolved from Being a Fixed Income Advisor to a Credit Management Advisor

Highland Capital Management is a renowned SEC-registered investment management venture. The venture boasts an extensive investment management portfolio valued at $14.9 billion. Highland Capital provides clients a number of credit solutions. These include credit hedge funds, separate accounts, collateralized loan obligations, and private equity.

 

The company’s investment management portfolio encompasses long and short investments, natural resources, and emerging markets. Government agencies, foundations, public pension plans, financial institutions, and endowments usually seek these credit solutions. Highland Capital Management maintains its head office in Dallas. It also maintains other satellite offices in New York, Seoul, Singapore, as well as Sao Paulo.

 

Mission

 

Since 1993, Highland Capital’s services have always focused on positioning the company top in the international alternative credit management market. Today, Highland Capital is regarded as a pioneer in the development of loan and collateralized loan obligation (CLO) markets. The firm is also the largest CLO manager in the entire U.S. Through a bold mission to remain an independently owned credit manager; the company focuses on solutions rather than products.

 

Brief History

 

The success story of Highland Capital Management began in 1990 when it was established. Mark Okada and James Dondero are regarded as the brains behind the firm. Back then, the two came up with Protective Life Insurance Corporation. The joint venture solely focused on fixed income markets and managing secured bank loans. Protective Life Insurance Corporation was rebranded to Protective Asset Management Company after the SEC accredited it.

 

Protective Life owned 60 percent of its shares while the two founders owned 40 percent. The joint venture was also renamed to Ranger Asset Management after Dondero and Okada managed to buy Protective Life’s shares in 1997. Ranger Asset later became Highland Capital Management, an independent SEC-accredited advisor.

 

Over the last two decades, Highland Capital has evolved into a global and experienced alternative credit manager. It also boasts a leadership team that comprises of veteran investment specialists. The company’s investment philosophy is to produce above average and consistent results. Its leadership team ensured that these results were achieved through the application of tested and effective principles of investing.

 

 

 

 

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