What Prompted the Seasoned Investor James Dondero to Move to Texas?

 

Highland Capital Inc. in Texas has risen to become one of the nation’s leading Capital Management firm. The company gets headed up by the globally renowned financial consultant, Mr. James  Dondero. James and Mark Okada founded Highland Capital in 1993 and their main specialization was on a debt consolidation strategy called Collateralized Loans Obligations, CLOs. Jim has invested on both the local and the global scale in the past couple of decades.

 

Highland Capital Net Worth

 

A classical illustration of this would be his bold calls in Argentina. His people bought out the sovereign debt of the South American nation in 2012 and by the end of 2014 that deal ended up making him billions in profit. Barons, a trusted investment newsletter, quotes him confessing that he prefers to spend a lot of time meditating on the problems ahead and not going out to party. Today, his VC firm, Highland, holds assets and other investments totaling up to $15B on their versatile portfolio.

 

Investors at Highland Capital have experienced one of the best years for a long time with their ROI standing at nearly 30%. That was amazing especially considering that this particular company doesn’t hold nearly as many securities as the average American mutual fund holds. In the previous financial year, their clients would have walked away with 25% gain on their investments were it not for the energy stocks plummeting towards the end of 2015.

 

About James Dondero

 

Jim is a New Jersey native and, is a master at reinventing himself. Starting out right after graduating from the University of Virginia, the Finance and Accounting major had plans of venturing into the real estate realm. As fate would have it, however, Jim found himself working as an asset manager for the prestigious company, American Express.

 

At American Express, he was in charge of holdings with an estimated value of $1B and, don’t forget that was before he even turned 30 years old. Moving on, Jim made enough money and finally decided it was time to take his game to the next level. Well, for starters, he already had more than enough clients to begin his credit lending firm. Then, he had a partner and together they could pool enough money to start their first venture. There was one problem, though, they needed to from away from California and head out to Texas. Texas appealed to them as it had better tax rates and the time zone was favorable for their global clients. more about dondero here.