Highland Capital Management, L.P. is a large advisory firm based in Dallas. It manages $5.47 billion of regulatory assets for 43 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Texas.
Highland Capital Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Highland Capital Management, L.P. is $5.47 billion. The firm's AUM has gone down by -54% since the beginning of its operation, and $3.18 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Highland Capital Management, L.P. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to pooled investment vehicles and state or municipal government entities. The largest group of clients of James David Dondero is pooled investment vehicles with 38 clients and $3.4 billion of assets under management. Among the 11 most similar advisory firms, Highland Capital Management has the 4th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $3.88 billion for 41 clients. 58% of the firm’s clients are foreign persons or businesses.
Highland Capital Management also advises several private funds. Namely, four hedge funds, three private equity funds, and two securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.
The company employs 102 people that are either part- or full-time employees. 26 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.
There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
James David Dondero has been acting as President since 1 Apr 1993. Hunter Mountain Investment Trust joined the executive team most recently as the Limited Partner.
The principal office where Highland Capital Management, L.P. performs its advisory services is located at 300 Crescent Court, Dallas, TX 75201, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 972-628-4100 or by fax 972-628-4147. The normal business hours are 7:00am-6:00pm on Monday - Friday. You can find more information about the New York firm at highlandcapital.com/.