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| Additional information |
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| Highland Capital Management L.P. |
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Overview:
Highland Capital Management, L.P. is a SEC-registered investment adviser with approximately $22 billion of assets under management. It is one of the largest global alternative fixed income managers, specializing in bank loans, high yield credit, distressed debt, structured products, real assets, and long-short equities, with a global geographic reach.
Highland's diversified client base includes public pension plans, foundations and endowments, corporations, financial institutions, fund of funds, governments, high net worth individuals, and mutual fund investors. To best meet the different goals of these investors, Highland offers a variety of product types, including credit funds, private equity-style funds, managed separate accounts, hedge funds, retail mutual funds, and collateralized loan obligations (CLOs).
Highland Capital is headquartered in Dallas, Texas and maintains offices in New York, London and Singapore.
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History:
n January 1990, James Dondero and Mark Okada (the “Founders”) formed a joint venture with Protective Life Insurance Corporation (Protective Life), specializing in senior secured loans. In 1993, an agreement established Protective Asset Management Company (“PAMCO”), an SEC registered investment advisor owned 60% by Protective Life and 40% by the Founders. In May 1997, the Founders purchased Protective Life’s stake, and established PAMCO as an independent advisor, and the following year, changed its name to Highland Capital Management ("HCM").
In 2000, HCM completed its 8th CLO and launched its first total return strategy, focusing on distressed assets, and the staff grew to over 40 employees.
In 2003, Highland established its New York office to facilitate product and business development. In 2004, Highland acquired the Columbia Floating Rate Fund and Columbia Floating Rate Advantage Fund from Columbia Asset Management.
In 2005, Highland Capital Management Europe, Ltd. was established as an FSA registered investment advisor in London, through the acquisition of ING Capital Management, Ltd. Highland is a full member of the Loan Syndications and Trading Association.
In October 2007, Creditflux named Highland as the "Manager of the Year" for 2007. |
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