Highland Management Capital is an independently owned investment firm and a registered investment adviser with more than 18 billion dollars worth of assets under management alongside their clients. Highland Management Capital was founded by James Dondero and Mark Okada. It merged with Protective Life Insurance Corporation in 1990. The joint venture specialized in fixed income markets that included the management of senior secured bank loans. The venture later evolved into Protective Asset Management Company in 1993. This is a SEC registered investment advisor. It is partly owned by Protective Life and partly by James and Mark. The partners purchased the Protective Life Stake and established Ranger Asset Management, LP in 1997. It later changed its name to Highlands Management Capital, LP.
Highlands Management Capital has the top most experienced credit managers in the world. They have specialized in creating institutional and retail funds with diverse strategies. The strategies include credit hedge funds, distressed and special situations private equity, collateralized loan obligations (CLOs), and alternative investments. The investments include long/short equities, natural resources like oil and gas funds, foundations, endowments, corporations, financial institutions funds, emerging markets, governments, public pension plans, and high-net-worth individuals.
Highlands Management Capital, LP has headquarters in Dallas, Texas. It also has offices in New York, Sao Paulo, Singapore, and Seoul in the Republic of Korea. The Singapore office was opened on 8th August 2008 under the Management of director Paul Adkins. Highlands launched its first commingled bank and established an alternative investment 40 Act platform in 2000. It began the mutual fund business by acquisition of floating rate funds from Columbia Asset Management. It launched its first nonbank CLO in 1996. It launched its first Total Return Strategy focusing on distressed assets. They established their first two bank loan separate accounts for large public pension plans in the United States and Canada.
The philosophy of Highlands Management Capital is based on three principles including experience, discipline, and boldness. This ensures that they provide consistent and above average returns. They also add significant value to the investors by providing unique access to an asset and unique expertise in the investment process. They have heavily invested in the communities through volunteerism, advisory board involvement, and financial donations to both local community organizations and national non-profit organizations.