Highland Capital Management LP is currently managing over $21 billion in assets. The company’s success is primarily based on high standards of engagement with the clients. The culture has been to establish trust and integrity with their customers especially on information that impacts the decisions of the clients about the investment approach to choose. Highland Capital Management (HCM) is known to utilize the diverse set of asset classes and structures that are within the landscape of the clients’ needs. The main categories include separate accounts, hedge funds, distressed and special situations private equity, mutual funds, CLOs, and ETFs. The company is known for its long history of playing the leader of alternative asset manager with a focus on the healthcare sector where it currently manages over $2.3 billion in assets.
Due to high growth of the company and its ability to attract new clients, the president of the company recently hired Mr. Jones to act as the President of the institutional products division. The newly appointed Terry Jones will be reporting directly to the Co-Founder and President of Highland Capital Management, Mr. Jim Dondero and will be based at the company headquarters in Dallas, Texas.
Terry Jones is expected to bring his many years of experience in the financial and investment industry and lead HCM’s discussions in finding the solutions on business development, a strategy that will serve as the complement to the HCM’s broader institutional sales platform. He will also be responsible for aligning portfolio risk management process across the firm. Mr. Jones will spearhead the development of the appropriate risk management infrastructure that will make it easier to identify, assess and mitigate financial risks.
James Dondero, also with over three decades of experience was excited by the decision of Mr. Jones joining the company and expressed his confidence that his leadership will enhance the risk-adjusted performance and expedite client solutions as markets become more and more complicated. Dondero serves on the boards of other companies including American Banknote Corporation, MGM Studios, and he is the current chairperson of Board of Directors for Cornerstone Healthcare.
James began his career in as an analyst in 1984 in Morgan Guaranty training program and later worked for various companies where he rose in ranks to become the portfolio manager. Before founding HCM, he was the chief investment officer of Protective Life where he transformed its subsidiary from inception to a subsidiary worth $2 billion in just five years.