Understanding Highland Capital Management
Highland Capital Management is an international company that deals with alternative credit management. The company has been in operation for 20 years. It is the biggest and most experienced company in the credit management industry. Highland Capital Management was established by Mark Okada and James Dondero in 1990. The two partners created a joint venture with the Protective Life Insurance Corporation. The specialty of this joint venture was in fixed income markets that included management of large secured bank loans. The joint venture changed to protective Asset Management Company in 1993. This company was an investment advisor that was SEC registered. The co-partners owned 40%, and Protective Life owned 60%.
The founding partners bought the stake of Protective Life in PAMCO. They founded the Ranger Asset Management, LP in 1997. This was an SEC-registered independent advisor company. Ranger Asset Management, LP converted its name to Highland capital management in 1998. The number one priority of the enterprise is customer satisfaction. It commits itself to excellence, integrity, and efficiency. Highland Capital Management started its first 40 Act platform in alternative investment under the leadership of its founding partners. The company also established its first bank loan fund in the same year.
Highland Capital Management expanded its production lines by joining the mutual fund industry in 2004. It acquired two floating rate funds from the Columbia Asset Management. The company opened its regional offices in Singapore and Seoul in 2011. Highland capital management is the pioneer of the CLO (Collateralized Loan Obligation). It is the world’s biggest CLO manager. It has monitored and structured more that $30 billion worth of CLOs. Highland Capital Management assists investors in achieving their return and risk objects via investment vehicles that are value oriented.
Highland Capital Management has its headquarters in Dallas, Texas. It also has regional offices in Sao Paulo, New York City, Seoul, and Singapore. The enterprise currently has a market value that is worth more than $250 million. The company has employed a team of professionals who are experienced and skilled in the investment field. It is a great company.