James Dondero and High Yield Credit
James Dondero has more than 30 years of experience in the high yield credit market industry. Jim is the co-founder and president of Highland Capital Management, which has been involved with the high yield credit industry since 1993. Jim Dondero has managed dedicated long-only high yield credit commingled funds and separate accounts since 2000. Mr. James Dondero focuses on a total return approach that provides exposure to the broader below-investment grade corporate credit markets and targets returns that are intended to exceed benchmarks. This strategy is available via commingled funds, separate accounts and retail funds. Additionally, with separate accounts, Jim Dondero’s Highland Capital Management can create customized mandates with investments across all asset classes. James Dondero utilizes a bottom-up fundamental assessment in combination with a top-down technical analysis that provides a deep comprehension of underlying collateral, industry uniqueness, macro perspectives and portfolio positioning. Highland Capital is one of the largest bank loan managers in the world with approximately $13 billion in bank loan assets under management.
Lipper Award Disclosure Statement
The Highland Floating Rate Opportunities Fund (Class Z) was awarded the 2015 Lipper Fund Award in the Loan Participation Fund category for both the 3 year and 5 year periods ending 12/31/2014. The award is based on consistent return. The highest Lipper leader for consistent return value for the classification for the 36 and 60 month periods, respectively, determined the winner. Lipper Leader ratings for Consistent Return reflect funds’ historic returns, adjusted for volatility, relative to peers. Ratings for Consistent Return are computed for all Lipper classifications with five or more distinct portfolios and span both equity and fixed-income funds. The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world’s top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings.
About Highland Capital Management, L.P.
Highland Capital Management, L.P. is an SEC-registered investment adviser which, together with our affiliates, has approximately $18 billion of assets under management. Founded in 1993 by Jim Dondero and Mark Okada, Highland is one of the largest and most experienced global alternative credit managers. Highland specializes in credit strategies, such as credit hedge funds, long only funds and separate accounts, distressed and special situation private equity, and collateralized loan obligations (CLOs). Highland also offers alternative investments, including emerging markets, long/short equities, and natural resources. Highland’s diversified client base includes public pension plans, foundations, endowments, corporations, financial institutions, fund of funds, governments, and high net-worth individuals. Highland is headquartered in Dallas, Texas and maintains offices in New York, Sao Paolo, Singapore, and Seoul.