Highland Capital Management, L.P., is the brain child of co-founders James Dondero and Mark Okada. The company got its start back in 1990 when the co-founders established a partnership with Protective Life Insurance Company. The newly formed company focused on fixed income markets. In 1993, the company morphed into PAMCO (Protective Asset Management Company). After purchasing the additional 60 percent of PAMCO, the company changed its name to Ranger Asset Management and then to Highland Capital Management.
Highland Capital is an SEC (Security Exchange Commission) registered company and has grown to one of the largest and most recognized alternative credit managers and investment advisors in the world. The company placed a focus on credit strategies including CLO’s (collateralized loan obligations), private equity, long only funds and separate accounts and credit hedge funds. The offerings at Highland also include investing in natural resources, emerging markets and alternative investments. The company maintains its home office in Dallas, Texas, as well as offices in Singapore, Seoul, Sao Paulo and New York. Read more at Biz Journals about Highland Capital.
The company expanded its offerings to mutual funds when they acquired two floating rate funds. The company also launched the first comingled bank loan fund, as well as establishing the 40 Act platform, an alternative investment. The CLO market has been very profitable for the company as they have structured and monitored more than 25 CLO’s that totals about $30 billion. The first total return strategy focused on distressed assets. The company is always developing strategies to help investors achieve their objectives in keeping with their level of risk they are willing to take and keep up with the return they expect.
The company has grown and expanded its offerings by developing new and improved investment strategies. The company currently boasts more than 180 staff members and more than 20 years of financial and investment experience. They serves a very diverse client base that includes individuals with high net worth, governments and financial institutions, corporations, endowments and foundations and pension plans. Highland is committed to offering unique products that take the best advantage of the current market conditions and offering the maximum return for the minimum level of risk. Read more at bloomberg.com.
James Dondero is the CEO and Co-Founder of the Dallas-based Highland Capital Management Company. The Highland Capital Management Company is one of the largest united States-based investment banking companies with more than $20 billion under their management. Since James Dondero founded the company, it has worked its way to the top through active business deals with the aim of achieving the best for its people. James Dondero has always worked towards developing the company towards adopting a better business approach to make it achieve the most sophisticated business capability in a manner that is intended to develop miscalculated approach systems. Read more about James Dondero on Bloomberg.
While Highland Capital Management Company paves its way towards developing the best business reviews for its clients, it is working its way towards increasing its charitable giving in society. James Dondero has used the company to issue millions of dollars towards charitable activities that set it apart from the industry. Since he founded the company, he has taken strategic approaches to reflect its scale in philanthropic efforts. In fact, James Dondero was ranked among the largest philanthropic companies in the past few years. While the company works with the end in mind, Highland Capital Management has identified an established philanthropic company that will work with it to sustain their numerous philanthropic activities in the United States. Visit Nexbank.com to know more about James.
According to James Dondero, they were seeking a philanthropic partner that will manage all the resources they raise towards charitable giving. However, Highland Capital Management has taken a more strategic approach towards giving more than $3 million in the past few years. This is why the Dallas-based Dallas Foundation has made it possible to assist many educational programs to sustain their benefits in the industry. For this reason, they ended up achieving the only solution needed to credit their business capabilities. James Dondero also describes that Highland Capital Management Company was drawn to the Dallas Foundations because they stand in for what matters most. Education is the only way to help the less fortunate achieve their goals in the future. For this reason, James Dondero has teamed up with this foundation to issue millions towards charitable campaigns.
The Open Society Foundations is a group seeking to enhance democracy all over the world. According to the group’s website, The Open Society Foundations has branches in over 120 countries. The group is involved in activities such as advocating for human rights and supporting the refugees, the less fortunate and LGBT society. George Soros, holding the chairman position of the group, started the organization over three decades ago. Mr. Soros is a highly respected and talented hedge fund manager as well as an entrepreneur. George is also a renowned philanthropist with affiliation to numerous charitable acts.
According to an article from Open Society Foundations, an official of the group stated that George plans to leave a considerable portion of his wealth to the organization. Laura Silber, a spokesperson, gave an estimation of the amount of money Open Society Foundations has spent since the 1980’s to be close to $14 billion. Currently the organization is worth $18 billion all thanks to George Soros, which is way more than the value of Ford Foundation. The group is second in place in the United States. George Soros’ donation of $18 billion marked one of the most massive wealth transfer ever done by a single individual to only one foundation. Visit this site to know more at opensocietyfoundations.org.
Open Society is well-known in the United States for being associated with several programs such as the ones advocating for gay and lesbian rights and fighting to reduce police brutality. The foundation has also funded a humanitarian cause during the Ebola outbreak in 2014. George Soros fights to reduce discrimination of any kind and promote democracy on a global scale. Soros’ actions are inspired by his childhood that is; growing up in a Jewish family during the Nazi era. George is initially from Hungary, a region in Budapest. He survived the harsh period and later moved to England in 1947.
Once in England, George joined the London School of Economics. He worked two occupations while still in school, as a waiter as well as a railway porter. In 1951 George completed his undergraduate level with a Bachelor of Science in philosophy. George Soros progressed with his education, and in 1954 he earned a Master of Science in philosophy. After acquiring his degree, George tried to look for a good job, but it was difficult. Eventually, he decided to work for a wholesaler as a traveling salesman. Fortunately, in 1954, George Soros’ career path began working at the Singer & Friedlander bank of London.
George Soros has worked for different financial institutions since then until he opened the Soros Fund Management in 1970. Soros is known for his capability to make massive profits from trading, acquiring earnings which are beyond imagination. In one of his famous trades, George made a profit of $ 1 billion that left the Bank of England broke. He also made a similar trade and broke the Asian monetary system as well. The man is gifted with the ability to spot huge investments. George is also into politics supporting Democrats such as Hilary Clinton. He also funded campaigns against George Bush’s re-election and Donald Trump’s election. Read more on Fox News about George Soros.
As you approach retirement age knowing how Social Security works becomes more important, but many financial advisors aren’t talking about it with their clients. It seems like this should be a simple part of being a financial advisor, so what’s going on? A survey done by Nationwide suggest that most people’s advisors aren’t talking with them about social security, though 4 out of 5 people say they would switch advisors if they weren’t talking with them about it. Mr. Giertz says at https://angel.co/david-giertz, the problem is that there are so many laws surrounding social security that advisors may not feel confident talking about it.
David Giertz is a financial advisor with Nationwide Investment Services Corporation who works out of Columbus, OH. He has served as Senior Vice President-Nationwide Financial Distribution and Sales at Nationwide Life Insurance Company since April 3, 2013. He has been President of Nationwide Financial Distributors Inc. since March 2013. Mr. Giertz also serves as President, Senior Vice President and Director for several other Nationwide companies. Mr. Giertz served as Vice President of sales at Nationwide Financial Services on CNBC.com. He served as Vice President-Sales, FI/WH from 2009 to 2013 and Vice President-NF Sales (Bank Channel) from 2004 to 2009.
David Giertz says that pensions that our parents and grandparents had are drying up and it’s more important than ever than people know how to maximize their social security benefits. He estimates that social security makes up 40% of a persons retirement plan. As a financial advisor Mr. Giertz recommends that a person has a full retirement plan according to Vimeo.