Only investors with deep pockets can take advantage of hedge funds. Ordinary investors have a hard time finding funds that will consider them for a variety of reasons, but the main reason is: There are hedge fund rules of play. Jim Dondero knows all the rules. His company, Highland Capital Management, has billions of dollars’ worth assets under management, and that figure keeps growing. One reason for Highland Capital’s growth is a fund called the Highland Capital’s Long/Short Healthcare Fund.
Michael Gregory is responsible for managing Highland Capital’s Long/Short Healthcare Fund, and he has done an outstanding job. The fund just got the top award in the “40 Act fund – equity” category. That may not sound like an achievement worth talking about, but in the hedge fund world it’s a big deal. Award-winning funds attract big investors and big investors are the fuel that keeps hedge funds alive.
When Jim Dondero and Mark Okada founded Highland Capital Management in 1993, they knew they were going to be successful. Their strategy was to use their strength in alternative credit, and their understanding of the emerging market to establish hedge funds that attracted a certain type of investor. More than 20 years later the proof is in the bank, according to Jim Dondero. Highland Capital Management is one of the most successful hedge fund managers in the country.
Highland Capital employees credit both Okada and Jim Dondero for the success of the company, but Dondero acts and is the front man, so he gets most of the attention. Jim is Chairman of Cornerstone Healthcare, Nexbank, and CCS Medical, and he is also a board member of American banknote and MGM Studios. Mr. Dondero has come a long way from his days at the University of Virginia and McIntire School of Commerce. While he was the CIO at Protective Life, he helped that company achieve more than $2 billion assets under management before Okada and Dondero laid out a plan to start Highland Capital Management.
According to an article publish by PRNewswire.com the Healthcare division of Highland Capital Management is largest hedge fund in the company. Highland Capital’s Long/Short Healthcare Fund has more than $3 billion in assets under management. Michael Gregory and his team of 11 healthcare specialists have more than 130 years of experience in the healthcare industry. Highland Capital is successful because of the people that work behind the scenes, according to Jim Dondero. A good support system is the lifeblood of good hedge fund investing.