Highland Capital Management, LC is SEC registered, global investment advisor managing over $18 billion worth of assets. The company is one of the largest and most experienced alternatives for credit managers globally.
The company was founded in 1990 as a joint venture between James Dondero and Mark Okada. It stated as Protective Life Insurance Corporation, and over the years it has gone through a lot of changes.In 1993, for instance, Protective Life Insurance Corporation evolved to form Protective Asset Management Company (PAMACO). With the new name, it was SEC registered and continued to offer investment advice to clients. 60 percent shareholder was the Protective Life while the other40 percent was owned the founding members.
On May 1997, James and Mark bought PAMACO and changed its name to Rangers Asset Management, LP. Rangers was SEC-registered and was offering advisory services. In 1998, the company made its final name change to today, Highland Capital Management, LP
Services Offered by Highland Capital Management, LP
Highland Capital Management deals with asset management services globally. Among the services offered here are; alternative investments which range from emerging markets, natural resources and long and short term Equities First. Highland Capital also involves in credit strategies services including credit hedge funds, separate accounts distressed and special situation private equity, long only accounts, and collateralize loan obligation (CLO’s).
Clientele and Locations
The company has a large global clientele who include high net worth individuals, public pension plans, governments, foundations, fund of funds, endowments, financial institutions, and corporations.Highland Capital Management have their headquarters in Dallas, Texas. However, they have maintained other offices in New York, Singapore, Sao Paolo and Seoul.
Under the leadership of David and Mark, Highland Capital Management has realized lots of success throughout the years. In 2000, the company opened their first commingled bank loan fund and also started the alternative investment 40 Act Platform.They have entered a lot of mutual fund business with the aim of expansion. For instance, in 2004, they were able to sign such an agreement with a Columbian Asset Management. The Singapore and Seoul offices which were opened in 2008 and 2011 were as a result of the company’s expansion.