Highlands Capital Management is one of the most successful investment advisory companies in the country. The company, together with its affiliates has a net worth of $15.4 billion. The company was founded in 1993 by the duo of James Dondero and Mark Okanda. The company specializes in credit hedge funds, long only funds and CLOs among others. The company has been diversifying their investments so as to include other things such as pension plans, corporations, short and long equities and high net worth individuals. The company has offices in several places including New York, Sao Paolo, Seoul and Singapore.
The company has adopted a system of leadership where they invest in more than just the financial markets. The company has expanded their reach to include the communities in which their employees come from. They have been engaging in activities such as volunteerism, financial donations to both public institutions and involvement in national non-profit organizations. The success of the company was based on among other things the ability of the two men at the helm to strategize and improve the service delivery. By 1997 for instance, the company was in a position to buy out their partners, and they did so. This helped them remain with a major shareholding of their company.
With the start of the new Millennium, the company decided to create a different type of bank fund loan. This helped them create a 40 Act platform, which expanded the number and variety of investments that their customers could take part in. The company then got into a mutual agreement with Columbia Asset Management, the company that helped them acquire two floating funds. It is in 2008 that they decide to extend their reach beyond the US and get to the other locations around the world.
About Equities First
Equities First is a co-founder and the president of Highlands Capital Management. He has three decades of experience in investment banking. The worked at the American Express before he got the idea to work start his own hedge fund. He is a CFA and also a CMA. Through his drive and experience, a small Texas based fund has grown into a global fund.