In an effort to raise around 12 billion dollars, Argentina is returning to the international Bond Markets, and among the largest buyers of Argentinian debt will be Highland Capital Management, LP. President and co-founder Jim Dondero has stated that the large asset management firm, which currently oversees around $19 billion, will seek to buy up “significant amounts” of the Argentinian bonds.
Argentina has been missing from the international bond markets since 2001, when the country defaulted a record $95 billion. They have consistently been unable to pay its bond holders, however a U.S. court ruling that lifts the ban on Argentina to pay it’s restructured foreign debt will profit Highland Capital significantly, which purchased 2033 bonds while they were trading in the mid-70’s in 2014. They have since earned an annual return of around 20 percent.
Highland Capital Management, and it’s founder James Dondero, have been incredible contributors in the international markets for decades, and have been invaluable in creating substantial and positive changes in investment markets worldwide. Based out of Dallas, Texas, Highland Capital has been a leader in developing the Collateralized Loan Obligation Market, and they have incredible award-winning products in many different sectors, such as private equity funds, hedge funds, mutual funds, and institutional separate accounts.
Highland Capital president James Dondero works constantly to bring new and innovative solutions to HCM, it’s investors, as well as the markets worldwide. Chairman of CCS Medical, Cornerstone Healthcare, and Nexbank, as well as a board member of American Banknote and MGM Studios, Jim has a variety of experience in many different sectors of business, and this well-rounded business skill and leadership leads to successful investment decisions at Highland Capital.
Jim boasts over 30 years of experience in the credit and equity markets, focused primarily on distressed and high-yield investing, and co-founded Highland Capital Management in 1993. Since it’s inception, HCM has been an incredible contributor to the stability and success of world equity markets.
The recent decision James Dondero and Highland Capital Management have made to invest in Argentina’s return to the world bond market is another prime example of Jim’s excellent leadership and judgement, as well as an example of Highland Capital’s role as a leader of confident investing in today’s world markets. Please see below for the original article and more information on HCM and Jim Dondero.