Dallas-based Highland Capital Management, L.P. is one of the top investment firms in the United States. Highland Capital has more than $20 billion in assets under management, and a recent purchase of Argentinian debt bonds will increase that number this year. Jim Dondero founded Highland Capital with Mark Okada in 1992, and the company has enjoyed steady growth every year since then. Because of the company’s outstanding growth, Dondero recently named Terry Jones President of the Institutional Products division of Highland Capital. Jones will report directly to Dondero, and he will be based in Dallas. Highland Capital has four other offices: Seoul, Singapore, Sao Paulo, and new York, so some traveling is always a prerequisite for division presidents, according to Mr. Dondero.
Terry Jones was cut-out for the job, according to James Dondero. Terry received his BA in Economics from Columbia College, and he earned an MBA, from Columbia Business School. Jones has more than 25 years of experience in the financial industry, and he has an acute understanding of the strategic institutional allocators that will help drive new business development. Jones will oversee risk management, and he will be responsible for optimizing the infrastructure that Highland Capital has in place to identify, assess and mitigate applicable risks.
Dondero said Jones will lead the company in terms of risk adjustment performance and help expedite client solutions increasingly complex investment markets. Dondero went on to say that Highland Capital Management is in a great position to deal with the ever-changing dynamics that impact assets. Mr. Jones will be the guy that helps keep, the infrastructure, investing capabilities and the experience in sync so the hedged equities position and the below-investment-grade credit risks perform during market cycles.
Mr. Jones said he was excited to work with the Highland investment team. Jones believes clients will have a better understanding of the opportunities and the risks they face going forward in a very volatile market under his guidance. Jones has an impressive resume to do that. Jones was a board member of Genworth Life Insurance Company of New York, and he was the President, Founder, and CIO of Battersby Capital Management. He was also a Portfolio Manager for Goldman Sachs as well as a Global Head of one of the Event Driven Sectors of Goldman Sachs. That sector handled hedge fund strategies. As a Portfolio Manager at Goldman Jones managed an $8 billion hedge fund, according to an article published by PRNewswire.com.