How James Dondero Finds Success Where Others Have failed

James Dondero is the CEO and President of Highland Capital Management. Dondero attended the University of Virginia where he graduated with a degree in Business majoring in Accounting and Finance. Dondero started his career as an analyst in the Morgan Guaranty program at J.P Morgan. Dondero left the company to join American Express as a corporate bond analyst before he was promoted to Portfolio Manager. Dondero left American Express to join Protective Life where he grew its assets to $2 billion over the course of four years. Dondero co-founded Highland Capital with Mark Okada in 1993. He is the chairman of the boards of NexBank, CCS Medical, and Cornerstone Healthcare.

 

James Dondero recently appeared in the cover story of Barron’s magazine. The article reviews his investment policy and how he has been able to succeed by being unconventional. Dondero has developed a reputation for investing in unlikely prospects such as American Airlines and a bankrupt energy company in Texas. Dondero said that the biggest contributor to his success is his ability to solve puzzles. He can spot emerging trends and think through complex deals. The firm offers investors the access to its best investment ideas that are curated by James Dondero. He does this through the Highland Global Allocation fund. It is worth more than eight hundred million dollars. The fund has gained nearly 30% over the past year. It is listed in the world allocation category by Morningstar.

 

The Highland Global fund has risen and fallen several times in the last couple of years due to its nature of investing. The firm was ranked at the bottom in 2015. This is because the fund made an early move in the energy sector. This grew exponentially last year. The improvement in energy stocks sent the fund to the top last year. The fund was one of the first investors in the sovereign debt of Argentina in 2014 after conducting a lot of research in the country. The move paid off because the economy of the country started to show signs of recovery a year later.

 

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