There was a time when people did not really understand the importance of having a few different investment vehicles. However, the ups and downs in the economy have helped people become more open to other options when it comes to investing and one of these alternatives happens to be investment banking. When business leaders such as James Dondero started their business models, they could hardly get enough people to convince about the products they were selling. Yet now, they have a number of people following their investment advice and getting all the ideas they can about investment from them.
When the company was started in the early nineties, they could hardly afford a few staff members to keep their operations running. However, less than three decades later the company has grown to such a capacity that they have an asset base of 15 billion dollars and are still growing. Some of the investment types that the company specializes in include long-only funds, hedge funds, pension plans, corporations, people with high net worth and an assortment of other investments. The company also deals with CLOs.
One of the ideas that have been employed in the company and helped with the success was when they decided to go beyond just analyzing the financial markets that they operate in. They decided that in addition to this, they wanted to community to be more engaged in the things they were doing. As a result, they have been part of a number of volunteerism activities and they have really streamlined the operations of the company and even included community outreach initiatives. Other initiatives they have undertaken include the 2000 decision to get a bank loan fund for customers that did not qualify for the conventional bank loan. Columbia Asset Management is the company that helped them make a reality out of this dream.
About James Dondero
James Dondero is a co-founder of the Highlands Capital Management. He has been working in the investment sector for many decades now and deeply understands how it works. He worked for the American Express before joining this company.