Investment Firm Highland Capital Management

Highland Capital Management is a leading investment firm that is headquartered in Dallas, Texas. The firm has established itself as one of the leaders of managing credit based securities. At the beginning of its history, the firm was formed in the year 1990 and was originally known as Protective Life Insurance Corporation. It was founded by James Dondero and Mark Okada. When it first started out, the firm specialized in working with fixed income markets along with the management of secured bank loans. In 1993, the firm became known as Protective Asset Management Company which would organize itself as an investment advisory firm. In terms of its overall organization, the firm was owned by 60% of Protective Life Insurance and 40% owned by the co founders Mark Okada and James Dondero.

 

In the year 1997, Ranger Asset Management was established and operated as an independent advisory firm under the company. Right after Ranger Asset Management was formed, the firm renamed itself Highland Capital Management. By the year 2000, Highland Capital Management organized the first bank loan fund which became an alternative investment 40 Act financial security. In 2004, the firm decided to expand its product line by entering the mutual fund markets. During the process of entering this part of the financial sector, Highland Capital Management acquired floating rate funds from another company known as Columbia Asset Management. Along with expanding its product line, Highland Capital Management would expand its office locations to places such as New York City, Singapore, Sao Paulo Brazil, and Seoul South Korea.

 

One of the things that makes Highland Capital Management among the more unique investment firms is its specialization in offering collateralized loan obligations. This provides investors with a more efficient way to manage credit. Highland Capital Management devised this new product to serve as an alternative to traditional commercial banks. Instead of having to rely on traditional banks for this credit security, Highland Capital offers this to its clients. Along with offering collateralized loan obligations, the firm provides hedge funds, private equity securities and also offers wealth management services. As a result, Highland Capital Management has established itself as one of the leading investment firms in the world.