Recently, Highland Capital Management announced that its Long/Short Healthcare Fund was the recipient of the HFM US Hedge Fund Performance Award for 2015 under the category of 40 Act fund equity. The investment management company has roughly $20 billion worth of assets under its management. According to Jim Dondero, winning the award was a testament to the huge experience of Michael Gregory and his team in healthcare investment.
Michael Gregory manages the Highland Long/Short Hedge Fund and serves as the head and managing director of Healthcare Credit and Equity at Highland Capital Management. In addition, Michael Gregory is the head of Highland Alternative Investors globally. He is also the chief investment officer of the HFM US Hedge Fund Performance Awards. These performance awards seek to identify hedge funds, ’40 Act funds, and funds of funds that stand out from their peers based on various quantitative and qualitative aspects. While making their decisions, judges take into account performance data over periods of one, three, and five year periods. Additionally, the subsisting reputation with investors and the pedigree of the manager is also reviewed.
Healthcare is the leading line of investment for Highland Capital Management. This portfolio has more than $3 billion worth of assets under its management. The firm has committed a team of 11 specialists in the healthcare sector. Speaking about the award, Michael Gregory noted that the firm remained focused on offering strong and repeatable performances for its investors. He added that the award showed the success of the company’s investment process and its risk management infrastructure.
The aim of Highland Long/Short Healthcare Fund is to offer investors with capital appreciation on the long term by combining effective risk management with the alpha generating potential. This is from short and long investments in public equities within the healthcare industry’s market capitalization transversely.
Presently, Jim lives in Dallas, Texas. Jim has worked in the credit and equity markets for more than 30 years. He has vast experience when it comes to managing investments. He has largely focused on distressed and high yield investments. Jim pioneered collateralized loan obligations (CLO) with Highland Capital Management. With this success, he has continued to create credit-oriented solutions for retail investors and institutional investors.
Jim is a Certified Management Accountant. He is also a renowned Chartered Financial Analyst. Jim is the chairman for the boards of CSS Medical, Nexbank, and Cornerstone Healthcare. Additionally, he serves in the boards of MGM Studios and American Banknote. Prior to forming Highland Capital Management, Jim worked at the Morgan Guaranty Training Program, American Express and GIC.