James Dondero Expands his Philanthropic Activities

Highland Capital Management’s cofounder and president James Dondero recently joined hands with Linda Owen, a civic leader in Dallas for a charitable cause. Linda formerly served as the president of the Woodall Rodgers Park Foundation. The two are seeking to provide tactful direction to HCM’s philanthropic initiatives. This is in line with the expansion of the firm’s charitable activities. Owen will oversee the firm’s charity division. She will partner with The Dallas Foundation, an organization that administers HCM’s charity fund.

James Dondero stated that with the expansion of the charity, there has been need to bring professionals on board. This will ensure that the humanitarian efforts of the firm have a positive and enduring impact on the society. He further added that Linda is a proven and dedicated professional, who can help build operational public-private partnerships. She therefore shares HCM’s vision, which is to create a positive and immediate difference in Dallas.

Highland Capital Management gives away more than three million dollars annually to various charitable organizations. This is mainly done via the Dallas Foundation. The firm has mainly focused on supporting veteran programs, education and health reform within the Dallas community. Organizations that have been funded by Highland Capital include Perot Museum of Nature, the Dallas Zoo, the Center for Brain Health and the George W. Bush Presidential Library and Museum, among others. Dondero has led a number of top ranking HCM executives in providing guidance to these organizations so that they can manage the funds wisely.

Dondero heads Highland Capital Management, which is a hedge fund firm that he co-founded with Mark Okada in 1993. He has provided judicial leadership to the firm, which currently ranks among the largest alternative credit management firms in the world. Dondero’s experience in the financial services industry spans more than three decades. He currently supervises the firm’s investment strategies.

Under his leadership, Highland Capital has amassed a portfolio base worth 21 billion dollars. His proactive leadership has made him a force to reckon with in the hedge fund industry. Dondero is credited for being a forerunner as far as Collateralized Loan Obligations are concerned. He also sits on the boards of major corporations.

Source: http://www.businesswire.com/news/home/20160608006430/en/James-Dondero-Teams-Dallas-Civic-Leader-Linda