Highland Capital Management and Highland Capital Subsidiaries Overseeing Multiple Alternative Investments Since Its Start
Highland Capital Management, an alternative investment manager for hedge funds, mutual funds and structured investment products, was founded in 1993 by James Dondero and Mark Okada. HCM is also a global public equity and a fixed income investor, focusing on high yield bonds, leveraged loans and structured vehicles.
Highland Capital is based in Dallas, Texas, with offices in Sao Paulo, New York, Seoul and Buenos Aires. HCM was the custodian of $13.9 billion in 2018.
Highland Capital Management was the first to design the later widely used software that tracked loan portfolios electronically. They sold it in 2003 to JPMorgan Chase. The firm acquired the bank loan mutual fund subsidiary of Columbia Management Advisors in 2004 and ING Capital Management in 2005, taking HCM into Europe.
Much of Highland Capital’s work has been related to high-profile stressed-debt reorganizations and bankruptcies, including the Bridge Information Systems bankruptcy and Delphi reorganization.
In 2011 Highland moved its headquarters to the uptown-Dallas Crescent Complex. HCM was also a founding contributor to the George W. Bush Presidential Center, backing the center’s public programs with an additional $10 million In 2018. Go Here for more information.
Highland filed for a bankruptcy through Chapter 11 in 2019.
Highland Capital Management is the current manager of the Highland Floating Rate Opportunities Fund. It initiated the Banco do Brasil BB Highland Floating Rate Fund, a European regulated fund, in 2014. Its Fund Class Z was the recipient of the 2014 Lipper Award for Best Loan Participation Fund.
Highland launched the CLO Value Fund I in 2008, the Highland/iBoxx Senior Loan ETF in 2012 and the UCITS collateralized loan obligation debt loan in 2018.
Highland Capital Management’s launched its first group of ETFs, traded on the NYSE, through its subsidiary, Highland Capital Management Fund Advisors. They were the Highland HFR Event Driven ETF, the Highland HFR Equity Hedge ETF and the Highland HFR Global ETF. See Related Link for additional information.
As of 2016, the Highland Global Allocation Fund was worth $947 million. Highland also completed one of the largest building sales transactions in 2018 with its acquisition of the Cityplace Tower.
Source article: https://en.wikipedia.org/wiki/Highland_Capital_Management