This past quarter, the investment firm Highland Capital Management made some significant transactions in its hedge fund holdings. These transactions make up about 22 percent of the firms overall assets. The firm filed documents with the SEC to reveal that it has decreased its holdings by 1.48 billion but has acquired new positions. Highland Capital Management attained new positions such as Spdr S&P 500 Etf Tr (Call)(SPY) which valued over 67 million dollars. It also acquired holdings in Amazon valued at 23 million, Eagle Pharmaceuticals at 17 million, Danaher Corporation with 17 million and lastly with Intra Cellular Technologies at 15.9 million. These transactions have been made to help the firm have a more lucrative and diverse set of investment holdings for its hedge fund.
While Highland Capital Management has acquired some new stocks for its hedge fund, it has also sold off some of its holdings as well to make some helpful changes. It has also increase its holdings in the information technology sector by 2 percent over the last quarter. Like most other firms who posses a hedge fund, Highland Capital Management holds five top positions with certain companies. These companies include Salesforce, American Airlines, Ishares, American Express and Loral Space.
Highland Capital Management is owned and was founded by Jim Dondero. Jim founded the firm in 1993 and for the last 22 years has made it into one of the most prosperous investment firms around. The firm offers a wide range of services including wealth management, advisory and also investment management. James decided to make his firm specialize in hedge funds, collateralized loan obligations and also equities. Therefore he and his firm are able to help many types of investors ranging from high net worth individuals to large companies. Dondero also provides lots of innovation and leadership in the financial sector as well with his firm.
James began his participation in the financial sector by first attending college. He studied accounting and finance at the University of Virginia where he earned degrees in these two fields. Dondero would also graduate from the college with top honors making him a distinguished student. James would then get his first job in the field and get the necessary experience to move up to other more significant positions which included chief investment officer. This experience would then give him the ability to start his own firm and build one of the more lucrative investment firms in the world. He even got to ring the NYSE Closing Bell recently (see video below).
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