James Dondero, Co-Founder and President of Highland Capital Management, lives in Dallas, TX and is also both CFA and CMA with over 30 years in training and experience because, as he says, “In this unique business, with its multiple opportunities for extension and cross-referencing, you truly never stop learning indeed”. Before working for Highland Capital Management, he was the Chief Investment Officer for GIC’s Protective Life and resigned in 1993. Prior to this experience, he was a Portfolio Manager for the renowned American Express itself, just after serving as a Corporate Bond Analyst for the company.
Mr. James Dondero is also a current member of the boards for American Banknote and MGM Studios respectively. In addition, he actively gives to numerous philanthropic efforts in public policy, education enrichment and veteran’s affairs. He contributed his best efforts to the Nexpoint fund NHF for many years and has both gained knowledge, wisdom and skill and made a world of difference to the area of traditional asset allocation in his very capturing approach. He has also become an expert on credit markets, equities, collateral loan obligations, commerce and accounting. He has assisted numerous reputable institutions around the world in high-yields, distress investing, corporate bonds, analysis, retail and institutional investment with proposed credit solutions.
Last month, Barron’s dedicated an article to this unique leader and posted it online as well as on the official Highland Capital Management website . The title is appealing and accurate, attracting many potential business partners, prospects and clients to what this man has done and the company’s future. In particular, the piece details Dondero’s claimed strengths and strategies regarding winning on alternative investment debt deals, trends and turnarounds. The article claims that he makes bold bets and takes a chance but eventually wins every time, examples for any leader in training to shadow. The article begins with honoring Dondero’s unique biography as one that speaks for itself and paints an interesting story into his current life and standing; one sees the pieces coming together in beautiful unity as we now have the finished piece of who this man is.
Adam Milstein arrived in the US in 1981 and enrolled for his MBA in the University of Southern California where he specialized in entrepreneurship. His motivation to venture on his own into real estate came about as a result of recruiters offering much less than what he felt he was worth. Initially, Adam Milstein had thought of making just enough money to enable him to settle the student loans and head back to Israel, but after three years of being a successful real estate commercial broker, he fully ventured into real estate investment. Milstein met David Hager, an Israeli investor, whom he convinced that they could jointly invest in properties. They later co-found Hager Pacific Properties, a privately owned real estate investment company, which specializes in the development of commercial and private aging properties.
Milstein was the first born son to Eva Milshtein and Hillel Milshtein, who was a real estate developer in Haifa, Israel. During his early years, Milstein joined the Israeli Defense Forces, after which he enrolled in the Israeli Institute of Technology. He graduated in 1978 with a degree in business and economics. In the course of his studies, he helped his father expand their real estate and property development business, a factor that must have played a significant role in influencing him to become a real estate entrepreneur. He met and married his wife Gila Elgrably in 1974 in Haifa. Besides being the co-founder of Hager Pacific Properties, Milstein is also a co-founder of the Israeli American Council to which he also is the National Chairman. Despite his not returning to Israel, he views himself as an Israeli ambassador as a result of his being a board member of several pro-Israeli organizations such as Jewish Funders Network, Los Angeles Board of Birthright Israel, among others. Along with his wife, they also founded the Sifriyat Pijama B’America, where they provide monthly Hebrew books to impact Jewish values to Israeli-Jewish-American families in the US.