The Chairman and Co-founder of Highland Capital Management, James Dondero filed their quarterly report dated 3rd February 2016. The files show that they had acquired 69 new positions with Spdr S&P 500 Etf Tr (call) leading the list. They had also added 62 positions to already existing with American Airls Group Inc. (call) topping the list with 60% increase. They reduced 80 stocks of those held with Ishare Tr (put) being the most affected with -52.05% and sold out 119 stocks with Spdr Series Trust (put) topping the list. The files also reveal that they had amassed a portfolio value of $3.42 billion, a decline by $1.49 billion from their previous quarter value. This, however, did not consist of their $15.04 billion in assets under their management. Looking at the sectors, Health Care topped the list with an allocation of 20% while Consumer Discretionary closed with 10%.
James worked as the Chief Investment Officer of Protective Life’s GIC subsidiary. This was between the years 1989 to 1993 where he saw the subsidiary grow to over $2 billion. Prior to this, he worked for American Express first as a Corporate Bond Analyst and later as a Portfolio manager with over $1 billion of assets under his management. In 1993, Jim went into a partnership to open Highland Capital Management, an asset manager registered by SEC and which specializes in high-yield fixed income investments. Currently, Jim is the Portfolio Manager of NexPoint Credit Strategies Fund; affiliate advisor of NexPoint Advisors and Chairman of Cornerstone Healthcare, NexBank, and CCS Medical. He is also a board member of MGM Studios and American Banknote.
Jim is an alumnus of the University of Virginia where he joined McIntire School of Commerce. He graduated with Beta Gamma Sigma, Beta Alpha Psi having majored in Accounting and Finance. Jim is also a Certified Public Accountant, Certified Management Accountant, and a Chartered Financial Analyst. Jim, who has over 30 years of experience in equity and credit markets, chose to focus mainly on distressed and high-yield investing. He is known for his support of initiatives more so those dealing with education, public policy, and veteran’s affairs.