James Dondero, a hedge fund manager and Chairman of Highland Capital has put together a philanthropy initiative for a Dallas shelter program known as The Family Place. This organization helps families that have been affected by domestic violence by providing a bed and meals for the occupants and making sure their basic needs are taken care of. The non-profit group has been raising funds to build a new facility and they are now close to being complete. To bring in the final amount, Dondero is offering to match up to 50% of the final offerings up to $1 million. The Family Place is pleased to have Highland Capital partnering in their cause.
James Dondero is one of the top-rated hedge fund experts throughout Texas. He started Highland Capital back in 1998 and has also been on the boards of Nexbank and its NexPoint Advisors affiliates. Dondero’s financial expertise covers a wide variety of stocks, bonds and mutual funds that include collateralized loan obligations (CLOs), complex alternative forms of bond investments that are basically pooled into tranches. Other sorts of investments covered at Highland Capital are high-yield credit, long and short private equity, distress situation funds, fixed income and healthcare funds.
James Dondero is originally from New Jersey though he did several years in the investment banking industry in Los Angeles prior to moving to Dallas. He received his degree in accounting and finance from the University of Virginia’s business school, and then enrolled in the Morgan Guaranty Training Program at American Express bank after his intention to go into real estate didn’t pan out. Dondero became certified as a Chartered Financial Analyst, and he soon took over the alternative asset management at American Express.
In 1993 Dondero left American Express and was given the opportunity to help grow Protective Life’s GIC subsidiary. He was able to take the millions in funds he had to start it with and soon had built up over $1 billion in assets under management, allowing it to function autonomously. Eventually this subsidiary outpaced its parent company that Dondero and his partner Mark Okada bought out the shares that Protective Life had in it and soon had it renamed to Highland Capital. Highland Capital not only serves the wealthy clients, they have a philanthropic arm of the company at Highland Dallas Foundation.