Highlands Capital Management Move to Save Vistra Energy

On 25th March 2017, Sarah Max of Barron documented about Jim Dondero, an investor who has made bold bets on investment alternatives and won. The founder and the CEO of Highland Capital exclaim that his company deals with complex debts, emerging trends, and turnarounds.

 

Highland Capitals has been offering money to mutual investors. They also offer affordable investment ideas. The company has $894 million capital, as the world allocation fund. The funds that have earned interest by 29.6% over 2016. This is a big figure as compared to what other companies in the same category have. The funds have a security of under 200 while most world allocation funds have an average of 400 securities. Highland Capitals have used in the themes of master limited partnerships, Restructuring Vistra Energy and Argentina.

 

Through Dondero’s hard work, the $894 million world allocation fund was ranked the top as compared to its peers. Venturing in the energy sector further saw the company top again in 2016. When Vistra Energy run into bankruptcy in 2014, Highland Capitals bought its senior secured debt to trade on their behalf. Vistra Energy was expected to be postbankruptcy in May 2017.

 

About James Dondero

James Dondero owns a degree in Accounting and Finance from the University of Virginia. While in college, Dondero had always aspired to invest in real estates. He, however, started working with credits where his first job was a manager at American Express where he managed $1 billion fixed income assets.

 

In 1993, James Dondero and Mark Okada partnered in co-founding the Highland Capital Management. They started in Los Angeles but later relocated to Dallas due to taxes, traffic and time. This also saw them getting closer to American Express where they worked. In 1997, Highland capitals bought American Express and expanded its assets. The company offers employment to over 165 people in Dallas. They values teamwork where everyone’s idea counts.

 

In the course of his career development, Dondero has held other positions such as a Senior Manager at Highland Small-Cap Equity and Senior Manager at NextPoint Credit Strategies. His Company does a lot of philanthropic work by funding community organizations in Dallas to support reasoning minds.