James Dondero Praises New Board Member Trey Parker

Posted by jakeharris - November 16th, 2017

Highland Capital Management now has a new member on its executive committee, a current credit research director who will now become the co-Chief Investment Officer. The position is currently held by Highland founding partner Mark Okada, but with Parker now sharing the position Okada will get to focus on the Floating Rate Opportunities Fund and also direct the finances of the subsidiary Acis Capital Management. Parker will still work closely with the credit division but will now also have access to the Equity and Structured Products Investment Committee. Dondero has been pleased with Parker’s work and says he’s possessed an acute understanding of what Highlands’ clients need. Read more about James Dondero at Daily Forex Report.

Highland Capital is located in Dallas, TX, but it’s partnered with private equity firms all across the globe with investments in both the public and private sector, including recently teaming up with Korean firm Stonebridge Capital in a private pension and healthcare fund. Collateralized Loan Obligations (CLOs) are Highland’s primary product, but its strategies are diversified into many equity areas including healthcare, fixed income, high-yield credit funds, distressed companies and real estate. The firm has raised billions in client assets over the years and currently manages about $15 billion. Highland Capital is also partners with the Dallas Foundation and through that organization has supported non-profits including the Family Place. Visit his website at jamesdondero.com.

James Dondero is the CEO and co-founder of Highland Capital who holds an bachelor’s and master’s from the McIntyre School of Business at University of Virginia, a certification from Morgan Guranty and several years as a corporate bond analyst for American Express. Okada was vice president of the loan department at Hibernia National Bank prior to teaming up with James Dondero when he arrived at Protective Life GIC. The two took the planned investment firm there from concept to having over $2 billion in AUM. From there, the company grew into a major private equity firm and changed its name to Highland Capital, and thus far it has earned quite the reputation for its investment strategies and turning around troubled corporations into profitable ones.

Visit: http://www.jamesdondero.com/bio/

George Soros Gives Back Financially to Halt The Capitalist Threat

Posted by jakeharris - August 11th, 2017

In both 2004 and 2016, billionaire George Soros gave millions towards political campaigns and causes. The Hillary Clinton campaign benefited from part of Soros’ Democratic donations totaling $27 million in 2016, while Soros gave $25 million towards an attempt to defeat George W. Bush in 2004.

Born in Hungary and current resident of New York, Soros has known Clinton for over 25 years. But those close to Soros note that it was his long-held political beliefs that drove him to donate so much to political causes in 2016. Soros, who turned 85 in 2016, was especially motivated by what he perceived to be attacks on religious tolerance, immigration reform, and prison reform. These issues have long been ones that Soros has championed, and his concerns only grew once Donald Trump secured the Republican nomination. Soros greatly disagreed with Trump’s political beliefs, going so far as to say that Trump was “doing the work of ISIS” through political fear-mongering. It has not been solely the United States’ political issues that have been Soros’ concern. He has also concerned himself with monitoring the economic developments in Europe. Visit projectsyndicate.com to know more about George.

The billionaire, who has amassed a fortune surpassing $24 billion through currency trading, has also been spoken out about what he perceives to be “The Capitalist Threat.” In 1997, he wrote an article for The Atlantic in which he argues that “let the free market” is a dangerous rallying cry. Among is chief argument for the dangers of capitalism is that in a capitalist society, those in charge “claim to be in possession of the ultimate truth.” Soros compares this type of totalitarianism to the same found in the fascist regimes he grew up with in Europe. George Soros established the Open Society Foundations.

It certainly is true that George Soros remains committed to anti-totalitarian causes. In 2016, Soros donated $5 million to the Immigrant Voters Win super PAC. This super PAC is designed to increasing the numbers of Latino voters in swing states. Soros has also donated $5 million to the Voting Rights Trust. This organization is designed to fight back against any effort to restrict voting. By donating money towards organizations designed to help increase voter turnout, it is clear that Soros wants to increase the participation in American government and decrease the amount of power held by a totalitarian few.

Know more: https://www.nytimes.com/topic/person/george-soros

The Success of the DeVos Family

Posted by jakeharris - May 19th, 2016

One of the most influential and philanthropy-oriented families in the United States is the DeVos family. The Devos family is a dedicated family that has created a family business from the ground up and has successfully become an influential member of the Grand Rapids region in Michigan. Among the many members of the DeVos family is Dick DeVos, a businessman and entrepreneur who has been involved and integrated into the business world ever since an early age. Dick DeVos is the son of the Amway co-founder and has helped his family ever since a child to do what he can to further build the business.

Dick DeVos distinctly remembers Amway Corporation as a small company held in his basement. Mr. DeVos and his brother always helped their family when they could and even gave product demonstrations to other businesses before any formal training. It was noted early on of Dick DeVos’ talent for business which is what later influenced him to pursue a business degree that would later benefit the family company. Dick DeVos began working at Amway Corporation in 1974 and was able to climb up the ladder to hold various executive positions within the company in various sectors of the company. Dick DeVos distinctly remembers his position as a vice president of the company. As a vice president of the company, Dick DeVos was in charge of international sales and since then increased the company’s international sales revenue to make up over 50 percent of total revenue.

As a successful businessman, Dick DeVos is a believer in sharing his wealth with the community. Since his success at Amway Corporation, Dick DeVos has become a constant donator to his community as well as many other organizations that run nationwide. One of his favorite organizations to be involved with involves improving education and to help children with little funds to pursue a higher level of education. Mr. DeVos believes that education is the key to building a community.

With Dick DeVos’ philanthropy activities, Mr. DeVos has decided to find individuals to help lead his company when he cannot. One individual in particular has recently been announced to be the new CEO of The Stow Company Inc. which is one of the largest home storage companies. This individual is Phil Dolci and already has over 20 years of experience in both the marketing industry as well as with leadership. Mr. Dolci is excited for this position and hopes to further expand the company.