Trey Parker is thrilled with a decision that Highland Capital’s board of leaders made this last month to promote him to co-CIO, joining Mark Okada who has held that office since the firm was founded. Okada and the firm’s CEO James Dondero approved of this decision because it will allow Okada to focus on his responsibilities in the Floating Rate Fund and Senior Loan ETF, and it will also bring a fresh face to Highland’s Equity and Structured Products committee. Parker has been with Highland Capital since 2007 and has been a manager in the credit research department and will now have an expanded role in that department and in other portfolio management responsibilities.
Highland Capital is one of the nation’s largest private equity firms with holdings in a diverse array of industries from manufacturing, biotech, medical and healthcare research, real estate and emerging markets. Many of Highland Capital’s funding has come through collateralized loan obligations, but they’ve also used other specialized bonds and high-yield credit funds. Highland Capital has built a great reputation because they’ve adhered to an environmental, social and governance (ESG) policy that has made sure they maintain transparency, keeping investors in the know and having a solid risk management policy in place.
Highland Capital’s founders James Dondero and Mark Okada both come from extensive banking backgrounds with Dondero having served many years as a corporate bond analyst for American Express, and Okada being a former executive at Hibernion National Bank. Both hold the certification of Chartered Financial Analyst. They both came to Protective Life Asset Management in the early 90s and were asked to take a subsidiary of the firm from concept to reality. They did so and within a year brought in over $2 billion in AUM. By 1997, both Dondero and Okada had bought out the subsidiary and one year later renamed it Highland Capital. Highland Capital now has over $15 billion in AUM and has made steady gains over the years. Highland Capital is also the parent to the Highland Foundation which supports local humanitarian groups including the Family Place, a domestic violence shelter.