James Dondero has been a major player at every company he’s worked for. Over his 30-year career, he’s amassed a limitless and invaluable amount of experience. He career in the credit and equity markets has largely been focused on high-yield and distressed investments. Though he’s worked around the industry for much of his career, James’s major accomplishments happened after he joined Highland Capital Management.After deciding to go out on his own, James and some partners co-founded Highland Capital Management. With James’s diverse skill sets, Highland pioneered the development of the Collateralized Loan Obligation market. It also developed credit-oriented solutions for a wide range of worldwide investors. James created some of Highland’s award winning product offers.
In recent news, the Texas-based company upped its Nexpoint Credit Strategies Fund. The fund focuses on a variety of investments, public equity, fixed incomes, and a wide range of investment funds. Highland’s portfolio is estimated to value nearly $2.44 billion. The latest news about Highland’s advancements was announced after the SEC released its filings.According to the latest data, Highland Capital now has over 750,000 shares.
James Dondero owns 3.01 million shares of Nexpoint Credit Strategies. If looking at the big picture that means James owns 18.8% of the company’s total float. After the third quarter ended, Highland reported that it owns $11.68 million worth of Nexpoint’s shares. Highland also bought an additional 20,286 shares during that period.
This latest move makes Highland Capital Management the second-largest stakeholder in the company. The largest stakeholder is Morgan Stanley, which owns more than $16.77 million. The Nexpoint Credit Strategies Fund is operated by a Highland Capital affiliate, NexPoint Advisors. The fund was spun-off into two separate companies that were publically traded.During 2015, the fund suffered losses. Due to some setbacks in TXU caused by restructuring issues, the Nexpoint Credit Strategies Fund was expected to suffer even further. Thanks to the leadership of James and his team, the Nexpoint Credit Strategies Fund has risen by 5.92 percent.