Highland Capital Management Ups its Stake in Nexpoint Fund

The Dallas based investment firm known as Highland Capital Management has recently upped its position in the Nexpoint Credit Strategies Fund. With this new increase in position, Highland Capital is now looking to have a higher stake in this lucrative fund. According to the Securities and Exchange Commission, Highland Capital now has a total of over 793,000 shares which makes up 5% of the common stock. The co founder of Highland Capital Management James Dondero currently owns over 3 million shares of Nexpoint Credit Strategies along with his firm owning over $11 million worth as well. As a result, Highland Capital Management is now the second largest stakeholder of the Nexpoint Credit Strategies Fund. It is only surpassed by Morgan Stanley which owns a total of $16 million worth of shares.

 

James Dondero is the individual who currently operates Highland Capital Management. He is the co founder of the firm who started it up back in 1993. Over the years, Dondero has built the firm into one of the top finance companies in the world. Due to its success, James has been able to expand the firm’s operations to a number of different countries such as Brazil, South Korea and the United Kingdom. With his firm Highland Capital Management, a number of institutional investors will have the opportunity to get the best management of their assets. Highland Capital Management offers investors a number of services such as the management of hedge funds, collateralized loan obligations and also private equity securities.

 

Dondero began his career in finance by working as a credit analyst/investor. This position allowed him to develop a first hand knowledge of the fundamentals of investment management. James would eventually attain higher positions in the finance field over the course of his career. Dondero would eventually reach the position of chief investment officer in which he would manage up to $2 billion worth of assets for major corporations. After working in the finance field as an employee, James would begin to start up his own firm. In his spare time, James devotes himself to a number of philanthropic causes such as veteran’s affairs, education, healthcare and public policy. Therefore, he has been able to make positive contributions to his surrounding community.