Highland Capital Management Ups Its Stake in Nexpoint

Texas based investment firm Highland Capital Management has recently increased its position in the Nexpoint Credit Strategies Fund. With a total of 793,036 shares, Highland Capital Management now possesses the second most dollar value of the fund next to Morgan Stanley. Its current holdings in the fund amount to 5% of the outstanding common stock of the firm. The manager of Highland Capital Management James Dondero currently owns 3 million shares of Nexpoint Credit Strategies which consists of 18 percent of the company’s total shares. By the end of the third quarter of 2016, Highland Capital Management reported an ownership stake of nearly $12 million worth of Nexpoint’s total shares.

 

The co founder of Highland Capital Management is James Dondero. He helped start up and build Highland Capital Management in the year 1993. Once he founded this firm, he built it into one of the most successful investment firms in the world. The firm offers a wide range of services that cater to a number of investors. Dondero looked to have his firm provide financial management for a number of organizations such as government entities, corporations, individual investors and also pension fund investors. The firm also offers hedge funds, private equity securities and also collateralized loan obligations. Once the firm established itself as a leading investment firm, it would expand to other areas of the world. Dondero expanded the firm to South Korea, Brazil and New York City.

 

At the very beginning of his career, James worked as a credit analyst right after he finished college. Over the course of his career, he would attain higher positions in the finance industry. This would give him the knowledge and experience necessary to eventually start up his own finance firm. His career would peak when he became a chief investment officer in which he would manage assets totaling $2 billion for companies such as American Express. In his spare time, James devotes himself to a number of causes of improving his local community. He regularly makes contributions to causes such as veteran’s affairs, education, healthcare and public policy. As a result, he has made a positive impact on his community as a way of giving back for his success.