With growing competition in the financial industry, companies have had to provide unique products to remain relevant over the years. Highland Capital is no different. Since its inception in 1990, the company has grown to earn its reputation as the largest alternative credit manager worldwide. Mark Okada and James Dondero founded the firm starting as a joint venture while incorporating Protective Life Insurance into the business. The venture diversified and became a Protective Asset Manager in 3 years with the founding partners owning 40% and Protective Life Insurance holding the majority stake of 60%. 1997 marked the company’s big turnaround. The two partners bought Protective Life Insurance’s stake and formed Ranger Asset Management. 1998 gave life to Highland Capital Management after its name change from Ranger Asset Management. The company has grown its foothold in mutual fund business, commingled bank loan ventures, and alternative financing.
As an investments advisor, duly registered and with the combined efforts with its associates, the company manages over $15.4 billion. This investment chest has been growing thanks to the various products the company offers, ranging from long and short equities, credit hedge funds, long-only funds, special situation funds, collateral-backed loans and private equity. With such products, the firm attracts a client list that includes governments, fund of funds, financial institutions, corporations, trusts, foundations, pension plans as well as high-net-worth persons. The Dallas, Texas office is quite busy as it is the company’s command central. From these offices, the management is able to oversee operations in Sao Paolo, Singapore, Seoul and New York.
Other than its financial business, Highland Capital is heavily invested in community matters. Through its business model, the company’s employees have found volunteering rewarding and formed it as part of their corporate fabric. Together, they are active participants in an advisory capacity on boards, donation programs as well as offering sponsorship and financial aids to non-profit organizations whose agenda is community empowerment. The company together with its network of partnerships has committed over $10 million to fund this worthwhile endeavor. Goes a long way to show that such partnerships are what the world needs to make a change.
Highland Capital Management, a financial giant making its positive impact in the world.