Highland Capital Management stays on the Forefront of the Industry
Highland Capital Management, LLC, based in Dallas, Texas, has grown from a small and always thriving investment advisor to one of the largest and most experienced alternative credit managers working throughout the world. Along with an office in Dallas, Highland maintains offices and personnel in Seoul, Singapore, Sao Paulo and New York. The company manages more than $15 billion in assets.
The company maintains a very diverse client base that includes governments, fund of funds, financial institutions, corporations, endowments and foundations, public pension plans and high net-worth individuals. The Highland company offers a variety of diverse investment products and includes special situations private equity, long-short equities and emerging markets.
Most recently, an affiliate investment firm of Highland Capital Management, NexPoint Advisors developed a product that focuses on below investment grade debt and equities vehicle and offered rights to that fund. The initial offering totaled more than $260 million for more than 5 million of common shares that make up the fund.
NexPoint Credit Strategies, the closed end fund developed by Highland Capital generated returns of more than 20 percent for the last year and an average of more than 18 percent over the past five years. James Dondero, current portfolio manager of the fund, as well as the co-founder and President of the Highland Capital is pleased with the performance of the fund. The funds top holdings are in TerreStar Corporation, a telecommunications company, and Weight Watchers.
The strategy of the closed end funds is to take advantage of the opportunity to offer more shares to existing shareholders at a lower price. The price for this venture was 95 percent of the average reported sale price. This made the offering increasingly more attractive to investors and proved to add to its success.
Today, Highland Capital Management has more than 20 years of investing experience. The company is always growing as a result of developing new and improved investing strategies and investing vehicles for its clients. The company stays at the forefront of the industry by offering unique products and pursuing new opportunities. The team at Highlands works to protect investor’s capital and minimizes risk while maximizing results.
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