How Does James Dondero Turn Companies Around?

This last March, James Dondero became the biggest story of Barron’s magazine in which it happened to note his firm, Highland Capital Management was seeing a 29% increase in its Global Allocation fund. Dondero was described in this article as having the ability to deep think and solve problems like a puzzle. Highland Capital’s equities and alternative investments have covered some very complex deals, but one of its first big bets in the foreign funds was Argentina’s sovereign debt, which after its previous president left a mess actually began to climb and Dondero’s speculation on the recovery proved quite right. But he also was most noted for buying the debt of Vistra Energy, a major Texas energy company that had caused Warren Buffet to lose money, and Dondero was able to restructure its debt and soon bring the company back to life. Visit Nexbank to know more about James.

James Dondero has built quite a reputable firm in Highland Capital along with co-founder and Chief Investment Officer Mark Okada. The company was started back in 1993 when Dondero and Okada were tasked with building a capital asset management division at Protective Life, and in very little time they grew it into a $2 billion company. After buying up all the company’s shares, Dondero and Okada started turning it into a highly-specialized strategic private equity firm and its key funds have come through collateralized loan obligations (CLOs). These are basically a kind of bond investment that have many different tranches and objectives that offset high-risk investments into businesses with lower-risk funds that stabilize them. Visit nexpointliving.com to know more about James Dondero.

Dondero has also has built Highland Capital’s alternative investment strategies into healthcare, fixed income funds, real estate and long-short equity. He’s not only been on Highland’s executive team, but is also the Chairman of its affiliates in Acis Capital, Nexpoint Advisors and Nexbank. Dondero is also active in philanthropy and in 2016 pledged $1 million in donations matching anyone else who contributed that amount to the Family Place, a domestic violence shelter for women and children in Dallas.

View: https://patch.com/texas/across-tx/james-dondero-dedicated-philanthropist-who-strives-make-impact-dallas-texas

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