Highland Capital Management
From Wikipedia, the free encyclopedia
 | |
| Company type | Private |
|---|---|
| Industry | Asset management |
| Founded | 1993[1] |
| Founders | James Dondero[2] Mark Okada[3] |
| Headquarters | Dallas, Texas, United States |
Key people | Mark Okada Trey Parker (CIO) |
| Products | Investment fund Hedge fund Mutual fund |
| Total assets | $8.3 billion[4] |
Number of employees | 115 |
| Website | www |
Highland Capital Management is an alternative investment management firm that manages hedge funds, structured investment vehicles and mutual funds. The firm invests in global public equities, as well as fixed income markets with a focus on leveraged loans, high yield bonds, and structured products.
The firm is headquartered in Dallas, Texas.[5] It also operates offices in New York City, São Paulo, Buenos Aires, Seoul and Singapore. Highland reported approximately $13.9 billion of assets under management in 2018.[6]
In October 2019, Highland Capital Management filed for Chapter 11 bankruptcy protection.[7]
Highland Capital Management was founded in 1993 by James Dondero and Mark Okada.[8] The firm was responsible for designing the first software to electronically track loan portfolios, which is used by a majority of loan managers.[9] Highland sold the software to JPMorgan Chase in 2003. In April 2004, Highland entered the mutual fund space with its acquisition of Columbia Management Advisors' bank loan mutual fund business.[10] The company acquired NexBank in 2004.[11] In April 2005, Highland acquired ING Capital Management. The acquisition marked Highland's first move into Europe.[12]
Highland Capital Management has been involved in a number of high profile bankruptcies and reorganizations related to distressed debt investments. Highland was involved in the bankruptcy of Bridge Information Systems in 2001.[13] Highland worked with Delphi Corporation through Delphi's reorganization in December 2006.[14]
In 2011, Highland moved its offices from the Galleria in far north Dallas to the Crescent Complex uptown.[15] Highland is a founding benefactor of the George W. Bush Presidential Center and, in early 2018, the firm provided the center with a $10 million endowment to back a series of public programs.[16]
