Highland Capital Management is a financial services provider that was founded in 1987. Its business model is one of building relationships with clients. Contrary to what some conservative minds might think, this is more important in the modern financial era than ever before.
To understand why Highland Capital’s relationship building is crucial, consider the trends that disrupted the global economy. Most impactful is the Fintech sector. We have come to accept technology and finance as interlocked. However, it was not all that long ago that paper cash was the predominant mechanism of payment.
It took some time before the credit card system established a level of respect that allowed it to take over cash as the predominant payment system. Cash is simple. We know and can feel what we are paying with. Not only are credit cards abstract, but there are also variants within the system. Today, many of us have one card (or account on our smart phone) that can act as either a credit card or a debit card. There are seemingly limitless ways that the credit card system can be set up to be used as payment. See This Page for related information.
Highland Capital Management deals with much more significant financial services than your credit or debit card. Below is a list of the services that the firm provides:
- Large Cap Value
- Large Cap Growth
- Multi-Cap Equity
- International Equity
- Large Cap Core Equity
The credit card example illustrates how the Fintech sector is established in modern life. A financial service provider that ignores innovations like social media payments will fall behind. This is why people at Highland Capital Management build relationships the old-fashioned way while embracing the emerging technologies that its experts believe to be most significant. Go Here for additional information.
They also conduct business out of the firm’s satellite offices in Singapore, Seoul, Rio de Janeiro, and Buenos Aires. Highland Capital Management’s emergence into Europe came in part with the acquisitions of other financial institutions. They also acquired NexBank and ING Capital Management in 2004 and 2006 respectively.
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Financial services is one of the largest sectors that makes up the United States economy, which happens to be the largest in the world. Although most of this industry’s competitors are involved in mainstream dealings, such as lending mortgages to laypeople, providers of niche services, such as the management of assets using alternative strategies, is equally as important.
Highland Capital Management is one of the leading alternative investment management service providers throughout all of North America, a spot that the Texan firm has held for nearly two full decades now.
The firm was created in 1993 by a pair of entrepreneurs, Mark Okada and James Dondero, each of whom had spent roughly 10 years in various positions across the greater world of financial services here in the United States before coming together and founding Highland Capital Management. Go Here for more information.
Where all does Highland Capital Management offer its services?
Most of Highland Capital Management’s work is done from the firm’s headquarters in Dallas, Texas, though the firm also manages international offices in Buenos Aires, Argentina; Singapore; Sao Paulo, Brazil; and Seoul, South Korea. View Additional Info Here.
Highland Capital Management also oversees an office in New York City, New York, to be close to Wall Street, which serves as the epicenter of financial instrument exchange on a global scale.
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Highland Capital first entered the European investment market in 2014 with help from Banco do Brasil through what is named the BB Highland Floating Rate Fund, one of many closed-end funds that Highland currently manages.
More recently, in mid-2018, the firm came out with a “UCITS Fund” – undertaking for collective investment in transferable securities – that mostly deals with collateralized loan obligation debt.
Highland Capital Management is also considered a conglomerate. The main subsidiary it oversees is Highland Capital Management Fund Advisors.
Highland Capital Management recently released its annual report on the performance of its Highland Income Fund. The Highland Income Fund, also known as the “Highland Floating Rate Opportunities Fund”, is available for public investors and is currently trades on the New York Stock Exchange (NYSE) under the symbol HFRO.
This fund has been in operation for more than 15 years, and each investment in the portfolio is personally directed by Highland Capital Management’s co-founder Jim Dondero. The Highland Income Fund employs several strategies to help investors profit from moves in the world’s benchmark interest rates. Go Here for additional information.
Primarily, the fund invests in opportunities that provide above-average return potentials without the downside risk of other investment opportunities. Highland Capital has always been an active investor in high-yield bonds and other debt instruments, and the Floating Rate Opportunities Fund allocates its holding among multiple industries.
More specifically, the Income Fund’s current portfolio includes:
- Creek Pine Holdings, LLC – Creek Pine Holdings is a collection of companies that specializes in investing the capital of family offices and sophisticated private investors. This family of corporations specializes in venture capital and private equity investments.
- NFRO REIT Sub, LLC – Highland’s investments in the NFRO REIT are designed to produce consistent income for shareholders, as this portfolio company has the mandate to pay its owners more than 90% of taxable income as a dividend in any given year.
- EDS Legacy Partners, LLC – As a former spin-off of the late Ross Perot’s Electronic Data System, EDS Legacy Partners invests in emerging electronic technologies. The company also partners with private equity firms around the country to buy and sell real estate related to data servers and America’s overall technological infrastructure.
To date, the Highland Capital Management Income Fund has returned more than 3.5%, and prospects for further returns continue to look bright. See This Page for related information.
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Anyone whose lengthy career involves a long tenure with a single company becomes a fixture at the office. Spending nearly 30 years with a company means retirement brings great changes to the business. Working for a company in a support capacity for that many years shows management considered you vital. And likely, an administrative assistant with such strong ties to the company would feel a sense of loss when leaving. Now, imagine how the co-founder and top executive of a firm such as Highland Capital Management feels when the time comes the sunset a career.
Mark Okada was instrumental in the founding of the firm. To say the company grew over the years under his leadership would be an incredible understatement. Top clients gravitated to the firm in significant numbers. At the time of his impending departure, the firm manages $17 billion in assets. The company didn’t start with that level of business. Through effective management and hard work, Highland Capital became a respected firm. High-profile clients trust the firm with their money.
Mark had a great deal of help establishing the firm. His partner, James Dondero, was with him since day one. Dondero will remain in his position at the top of the company, and this will be the first time in the business’ history that Dondero won’t have his executive partner by his side. He is noted by industry observers to be a pioneer in several realms, especially in developing innovative approaches in the “Collateralized Loan Obligation (CLO)” market.
Okada won’t completely leave the company, though. Since he played such a pivotal role for so many years, an immediate departure would be a shock to the corporate structure. Therefore, he intends to stay on in a senior advisory role. Read This Article for related information.
His departure did not come as a surprise to anyone at Highland Capital Management. He gave the office adequate notice. So, fellow managers took steps to address the potential shake up. Responsibilities previously tasked to Okada moved to other personnel. Find More Information Here.
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