Category Archives: Business

How Highland Capital Management Remains At The Top

Highland Capital Management is a Dallas-based firm cofounded by James Dondero and Mark Okada. The firm is an investment advisor that is registered by the SEC. The firm has made a name for itself in the industry, currently managing an estimated $18 billion in assets. It is also home to what are considered the most experienced alternative credit managers globally. HCM is a global leader and a much-sought-after firm, judging by its track record of success.

Highland Capital Management specializes in various credit strategies. These include distressed and special situations equity, CLOs, credit hedge funds and long-only funds & separate accounts. The firm has also joined the list of the few firms that provide alternative investments. These are natural resources, emerging markets, and long/short equities.

The client has strived hard to build good working relationships with its clients. The long list of satisfied clients has kept the firm on the success path it now enjoys. The firm serves all types of clients, some of whom include governments, financial institutions, corporations, endowments, fund of funds, foundations, and high-net-worth individuals. The firm now enjoys a global presence, having set up offices in cities such as Sao Paulo, Singapore, Seoul and New York.

Highland Capital Management has a philosophy that is founded on three main principles; discipline, boldness, and experience. The firm has been in the industry since 1993 and its credit managers have a wealth of experience, ensuring they make the right decisions when it comes to investments. The firm was very instrumental when it came to the pioneering of the CLO market. To ensure they continue to be on top, the firm has adopted an approach to investment that sees the firm deliver consistent and above average returns.

The success of the firm is mostly attributed to one man, James Dondero. James, one of the firm’s co-founders and President, has proven his worth by guiding the company throughout all the milestones the company has achieved. Jim, like the other credit managers, enjoys a wealth of experience that spans over three decades in the finance industry.

Dondero undertook his undergraduate training at the University of Virginia, majoring in Accounts and Finance. Throughout his career, Jim has worked for notable companies that include American Express and Protective Life. He currently serves on the Boards of various firms.

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VTA Publications: Encouraging Personal and Professional Development

VTA Publications, located in the United Kingdom, was incorporated in December of 2012. Though barely three years old, VTA has enjoyed widespread success and praise from its clients. Specializing in the financial and economic disciplines, VTA provides publications, educational courses, and event organization to customers around the globe. With both physical and digital products, VTA has established itself as a versatile, reliable company.

When developing a professional skill set, VTA offers invaluable tools for their exclusive clients. The ability to view and use their extensive collection of DVDs, online courses and seminars, and books is limited to customers who have been invited by mail or e-mail. Because VTA is constantly updating their catalogue of information and improving their materials, the invitations are limited time offers.

Another feature of VTA is their company blog. Writers post anecdotes and lessons learned from their daily observations. One such article, entitled “Are YOU on the ‘Zombie Train’?” confronts the ubiquity of cellphones and mobile devices in everyday life. The author notes how discontented the train passengers seem with their lives, but quickly loses sympathy when he notices them all glued to their screens.

Instead of enjoying life, looking for new opportunities and upward mobility, people have become unhealthily attached to their current state of being via their electronic devices. And they get no support from the rest of society: they are encouraged to be as active on their phones as humanely possible, and not to deviate from the masses. People are inevitably stifled, unable to reach their maximum potential.

By offering improvement courses, and through this blog, VTA Publications encourages others to seek fulfillment in their professional and personal lives. They wish to help others in any way they can, and the glowing reviews they have received prove their efforts are successful.

Highland Capital Management File Their Annual 13F

The current top 3 holdings within the Highland Capital Management portfolio is Ishares Tr (Put) (IWM, American Airls Group Inc (Call) (AAL) and Salesforce Com Inc (CRM). These 3 stocks made up the vast majority within the US long portfolio. They actually made up a combined 13.59 percent of the US listed securities. The combination of the top 10 on the other hand made up 29.55 percent of the total 13F portfolio.

The IT sector was lifted from 16 percent to 18 percent by Highland Capital Management. The company is also known to have shares within the energy sector which make up a total 12 percent. On the other hand the consumer discretionary section of the portfolio makes up only 10 percent of the total. Highland Capital Management however had to cut the Finance and Health Care stocks by 38 percent and 20 percent.

According to the 13F these are the standings of the different sectors. Materials 1 percent for $34.19 million and services 1 percent for $34.19 million, utilities & telecommunications 4 percent for $136.76 million, transports 8 percent for $273.51 million, consumer discretionary 10 percent for $341.89 million, energy 12 percent for $410.27 million, finance 18 percent for $615.40 million, information technology 18 percent for $615.40 million and health care 20 percent for $683.78 million.

There have also been some very important position changes over the last year with the top 10 at the end of the third quarter as follows: Illumina Inc (ILMN), Anacor Pharmaceuticals Inc (ANAC), Vulcan Matls Co (VMC), Extra Space Storage Inc (EXR), Jarden Corp (JAH), Intra Cellular Therapies Inc (ITCI), Danaher Corp Del (DHR), Eagle Pharmaceuticals Inc (EGRX), Amazon Com Inc (AMZN) and Spdr S&P 500 Etf Tr (Call) (SPY). These are all in no specific order for more information link back to the Octafinance website.

Highland Capital Management currently manages a total of $18 billion in assets and have been the leading global alternative credit managers. Their CEO James Dondero or Jim as most people know him as has been heading up the company now for several year and has been doing so very successfully.

James Dondero has been involved in the finance industry for over 30 years and at HCM they focus on credit hedge funds, credit strategies, long only funds and separate accounts. As well as offering a variety of alternative investments. James has been an active philanthropist for many many years and has never been short on giving back.

If Kyle Bass Were A Color, He’d Be Red

Why would Kyle Bass’ color be red? Well, it’s not because he’s conservative. At least, not conservative in any moral/political sense. Unless by politics one means socialism. Because Kyle Bass is definitely a socialist, and he’s trying to take down the system from the inside. At least, that’s what all the facts seem to indicate–it’s hard to prove conclusively whether or not anyone is anything. But consider these tidbits about Bass, then see whether or not it seems as though his shade is scarlet.

Bass is originally from Argentina. He has close enough ties to Cristina Fernandez de Kirchner that there are many who refer to him as one of her “lackeys”. Bass currently operates out of Texas, where his hedge fund has been in steady decline. The reason everyone knows who he is stems from the 2008 financial crash. Many saw it coming, few had a platform to tell the public, Bass was one of those few. He pointed out that sub-prime lending would result in a crash very soon, and then it happened. Everyone quickly began to pay attention to him, and he used this instant unanimity to brook further television appearances. Sometime after his success in 2008, his hedge fund began to tank, and maybe that’s the reason he got involved with CAD. Maybe it was his socialist ties to Kristina Fernandez de Kirchner; but either way, CAD is some serious shenanigans.

The Coalition for Affordable Drugs, or CAD for short, uses lawsuits, petitions, and any means at its disposal to decrease the cost of necessary drugs from mainstream pharmaceuticals. In the short-term, sickened people benefit. In the long term, humanity suffers. Because CAD has been successful in devaluing the certain drugs, and Bass has successfully short sold stock in the companies who his organization managed to curtail profit from. If Kyle Bass can make millions this way, doesn’t it mean the pharmaceuticals he’s leeched from have lost millions more? Yes it does; and those millions could have been devoted to the further development of medical solutions.

This is why Bass’ color is red. Maybe he’s done this nasty thing with CAD entirely on his own. But it’s just as likely he got the idea from socialistic political thought. When one considers that his entire career is based on big capitalistic organizations loosing affluence, suddenly the picture becomes even more clear. Bass is a kind of economic hit-man.

Or maybe he’s not. Really, that’s up to the reader. But regardless of politics, a man like Kyle Bass who shows up like that and then has rather large inconsistencies of character requires constant and close scrutiny.

Highland Capital’s Management Most Recent Q3 Report – The Company Is Thriving

Highland Capital Management has recently filed their Q3 2015 13F, an IRS-required filing for any investment management companies that use the US Postal Service and oversaw management of more than $100 million of assets, a document that many investors find quarterly 13F reports helpful in selecting capital management companies.

Highland Capital Management’s stock portfolio is currently valued at $3.42 billion, down almost $1.5 billion since Q2, when the portfolio was worth $4.91 billion. Most portfolios of similar size have experienced losses, citing generalized economic weakness. The most notable of their five largest new stock purchases were Spdr S&P 500 (SPY) and Amazon Com (AMZN) at $67.07 and $23.35 million, respectively.

Mr. James Dondero, often shortened to “Jim,” is the President and co-founder of Highland Capital Management. His experience as a consummate financial professional has brought profound success to Highland Capital Management. Jim Dondero graduated from the University of Virginia with a Commerce degree in 1984; worked for American Express as a fixed income funds manager from 1985-1989; then served as the Chief Investment Officer of GIC, a subsidiary of Protective Life, until 1993. Incorporating Highland Capital Management with Mark Okada was undoubtedly the best decision of Donder’s career based on the firm’s lifetime performance.

American Airlines Group (AAL), Salesforce Com (CRM), and Ishares Tr (IWM) were the three most-invested stocks in Q3 2015, totaling 13.59% of Highland Capital Management’s stock portfolio, with the top ten stock holdings totaling 29.55% of the company’s portfolio.

Highland Capital Management currently appropriates 20% of their holdings to the health care sector, 18% to the financial and information technology sectors, 12% to energy, and 10% to consumer discretionary. Such a widely diversified portfolio has brought Mr. Jim Dondero and Highland Capital Management endless success over since the firm’s inception. Experience serving on the board of directors for MGM Holdings, American Banknote Corporation, Nexbank Capital, and six other organizations have contributed to Mr. Dondero’s well-rounded financial background.

Highland Capital Management’s 13F can be downloaded from the IRS’ official website and the original article can be viewed here.