Highland Capital Management

Highland Capital Management

Type	Private
Industry	Private equity
Founded	1993 (1993)
Headquarters	Dallas, Texas, United States
Key people	James Dondero Mark Okada
Products	Leveraged buyout, Growth capital
Total assets	$18.7 billion
Number of employees	100+
Website	www.hcmlp.com

Highland Capital Management is an alternative investment management firm that manages hedge funds, structured investment and distressed investment funds. The firm invests in global public equity, fixed income and hedging markets with a focus on leveraged loans, high yield bonds, and structured products.

The firm, based in Dallas, Texas, was founded in 1993. The firm operates offices in New York City, London, and Singapore. The firm reported approximately $18.7 billion of assets under management in 2014.

Highland manages the Highland Credit Strategy Fund (NYSE: HCF) and Highland Distressed Opportunities (NYSE: HCD) among other closed-end funds. On February 4, 2010, the firm announced the completion of its CLO Value Fund I.

References

Highland Capital Management, L.P. Completes CLO Value Fund I. February 4, 2010
Highland Capital Management, L.P. Announces Changes to Portfolio Management Teams of Highland Credit Strategies Fund and Highland Distressed Opportunities, Inc.. January 2, 2009
Highland Capital Management, L.P. Responds to Erroneous News Reports Concerning Fund Performance. August 2, 2007
Highland Shuts Funds Amid `Unprecedented' Disruption. Bloomberg, October 16, 2008
Hedge Fund Offers Plan to Reorganize Delphi. Reuters, December 22, 2006
Europe: Capital Management Unit Sold. New York Times, April 6, 2005
Bridge Information Files for Bankruptcy. New York Times, February 16, 2001
Highland Capital Management About

External links

Highland Capital Management (company website)

Private equity and venture capital investment firms
Investment strategy	Venture Growth Mezzanine Secondaries Leveraged buyout
History	History of private equity and venture capital Early history of private equity Private equity in the 1980s Private equity in the 1990s Private equity in the 2000s
Investors	Angel investor Commercial bank Corporate venture capital Crowdfunding Family office Endowment Fund of funds High-net-worth individual Institutional investor Insurance company Investment bank Merchant bank Pension fund Sovereign wealth fund
Private equity firms Venture capital firms Portfolio companies

Hedge funds

Investment
strategy

Arbitrage / Relative value	Capital structure arbitrage Convertible arbitrage Equity market neutral Fixed income arbitrage / Fixed-income relative-value investing Statistical arbitrage Volatility arbitrage
Event-driven	Activist shareholder Distressed securities Risk arbitrage Special situation
Directional	Convergence trade Commodity trading advisors / Managed futures account Dedicated short Global macro Long/short equity Trend following
Other	Fund of hedge funds / Multi-manager

Trading

Related
terms

Markets	Commodities Derivatives Equity Fixed income Foreign exchange Money markets Structured securities
Misc	Arbitrage pricing theory Assets under management Black–Scholes model (Greeks (finance): Delta neutral) Capital asset pricing model (Alpha / Beta / Security characteristic line) Fundamental analysis Hedge Securitization Short Taxation of private equity and hedge funds Technical analysis

Investors

Regulatory

Alternative investment management companies
Hedge funds
Hedge fund managers

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