James Dondero, the current head of Highland Capital Management (HCM), has said that the firm has awarded a record $1 million challenge grant in support of The Family Place, a premier Dallas-based organization that fights for the right of victims of family violence.
HCM will assist the organization to accumulate the final $2.8 million required to complete the Legacy Campaign within the duration of six months. The grant was publicized during the 21st Annual Trailblazer Luncheon hosted by The Family Place.
HCM will provide 50 percent for every fund dedicated to the Capital Campaign from the time of announcement to April 4, 2007. Since October 4, HCM has awarded $100,000 to the Family Place to match the $200,000 raised. James Dondero applauded the Family Place for its commitment to making the capital campaign a success.
The Family Place in brief
The Family Place is a notable organization that focuses on helping victims of family violence in Texas. It strives to eradicate family violence via intervention and practical prevention, community education, advocacy, and help for victims as well as their families.
James Dondero: investment guru
James Dondero has an in-depth knowledge of the equity and credit markets. As the co-founder and head of Highland Capital Management, he has been responsible for development and deployment to the market various award-winning solutions and products that target both corporate and retail investors.
HCM manages assets worth nearly $19 billion. Its affiliates comprise of NexPoint Capital, Acis Capital, and NexPoint Residential Trust. Under the guidance of Dondero, the Dallas-based asset manager has scooped multiple awards and recognitions, including the Global Allocation by Morningstar and Floating Rate Opportunities.
Dondero became part of Morgan Guarantee Training Program in 1984 as an analyst. After a year, he earned an entry-level position at American Express. He ascended from a Corporate Bond Analyst to a portfolio manager. He left American Express back in 1989 and joined the subsidiary of GIC, Protective Life. The subsidiary was formed back in 1989 and expanded its business to nearly $2 billion. According to NexBank, James Fandero cofounded HCM in 1993 and he holds the position of the President to date.