The world of investment banking is very complex but it can be extremely rewarding. Knowledgeable investment bankers are able to pull in huge clients and generate large returns for themselves and their companies. Investment banking firms don’t only work with individuals and small businesses. The majority of investment firms work with large corporations in a variety of practices. Some of the practices that investment firms and investment bankers engage in are mergers and acquisitions, the buying and selling of stocks and bonds, hedge fund management and investment consulting. These practices allow investment firms to be extremely profitable in the current financial climate and in the future.
Another service that investment banking firms provide is asset management. Asset management is the practice of maintaining and monitoring anything of importance and high value for an entity. Many investment banking firms dealing with asset management handle hundreds of millions of dollars, some firms even handle billions of dollars. These firms work with large companies and work on their behalf when it comes to their assets. These companies expect the investment firms they are working with to get them extremely high returns on their money. When it comes to asset management, investment firms also handle the investment funds of their clients.
Highland Capital Management is an investment firm that primarily deals with asset management. Highland Capital Management manages assets totaling approximately $21 billion. They are on of the largest alternative credit managers. Highland Capital Management specializes in credit hedge funds, separate accounts, collateralized loan obligations and private equity. The firm is headquartered in Dallas, Texas and they have offices in Seoul, Singapore, San Paulo and New York.
James Dondero is the Co-founder and the President of Highland Capital Management. James Dondero of nexbank has more than thirty years of experience in equity and credit markets. He focuses primarily on distressed and high-yield investing. In addition to being the President of Highland Capital Management, he is also the chairman of Nexbank, CCS Medical and Cornerstone Healthcare. He also serves on the board of MGM Studios and American Banknote. Prior to founding Highland Capital Management, James Dondero was the chief investment officer of Protective Life. While there, he helped build out its subsidiary and help acquire over $2 billion in assets. In the 1980s, James Dondero worked at American Express as a Portfolio Manager. He is very active in many charities, supporting causes such as public policy, veteran’s affairs and education.