How Highland Capital Management Became A Leader In The Alternative Investing Industry

Highland Capital Management is a Dallas, Texas-based company that is part of the financial industry. Their focus at Highland Capital Management is on alternative investing opportunities. Over the years they have developed into one of the leading global alternative credit managers in the world.
Many types of clients come to Highland Capital Management and the funds that they run. This includes high-net worth individuals as well as public pension plans, endowments, foundations, and other corporations. They have clients in both the United States and abroad and maintain offices in Singapore, Seoul, Sao Paulo, and on Wall Street in New York City.
The beginnings of Highland Capital Management came together in 1990. The two co-founders of the company, James Dondero and Mark Okada, teamed up with Protective Life Insurance Corporation on a new venture. In 1993 the company was named Protective Asset Management Company which was owned 40% by Dondero and Okada and 60% by Protective Life. In 1997 James Dondero and Mark Okada bought out Protective Life’s interest in the company and now wholly own it. The company was renamed Ranger Asset Management L.P. after this purchase and in 1998 it acquired its current name, Highland Capital Management, L.P.
The area that Highland Capital Management made its name was in collateralized loan obligations (CLO). In 1996 they developed the first non-bank CLO in the world and pioneered this type of asset. Today they manage more than $30 billion of CLO’s making them one of the biggest companies in the world involved in trading this type of asset.
In addition to participating in financial markets, Highland Capital Management is also involved in the communities in which it operates. They donate money to a wide variety of causes in Dallas. This includes a new hippo zoo exhibit which is named after the company after they made a large donation to complete the structure. They also raised a significant sum of money for Dallas’ The Family Place which operates emergency shelters for people fleeing domestic violence situations.

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