In a report released last month through PRNewswire, HCM, a Dallas-based investment firm, announced that its Healthcare Fund received the 2015 HFM Award in the category of 40 Act fund. Highland Capital Management is estimated to have about $20 billion in assets under management together with its affiliates. The company managed to scoop this award due the deep experience as well as expertise of the healthcare fund manager Michael Gregory and his professional team. James Dondero, the co-founder of Highland appreciated Michael and his team for the great achievement they have brought to the company.
James Dondero and Mark Okada founded HCM in 1993, after working together in the credit and equity markets for a long time. Jim, as he is commonly referred by peers has worked in the credit sector for over 30 years. His major focus has been on high-yield and distressed investments. Before he co-founded HCM, Jim was working for an affiliate of Protective Life, where he managed about $2 billion in AUM. Also, he was an employee of American Express holding the position of Corporate Bond Analyst before being promoted to the role of Portfolio Manager where he managed fixed income funds of approximately $1 billion.
Jim is a graduate of the University of Virginia, where he specialized in Finance and Accounting. Currently, Jim is a CFA and is allowed to use the designation of CMA. Dondero is a board member of American Banknote and MGM Studios, as well as being the chair of Board of Directors of Cornerstone Healthcare, CCS Medical among others. As the CEO of Highland Capital Management, Jim has ensured the company is among the largest fund managers in the world.