James Dondero isn’t just a high-profile entrepreneur in the financial industry. He’s also a philanthropist who has been very generous with not-for-profits across the greater Dallas area. He co-founded and is the president of an alternative asset firm, Highland Capital Management, L.P., in the early 1990s. Read more at Wikipedia about James Dondero.
One of the alternative asset classes that James Dondero invests in at Highland Capital is high yield credit. Some of the funds he is the portfolio manager of include high yield credit because he wants to beat a benchmark. High yield credit is a bond issued by a corporation which is not investment grade. He carefully analyzes the company and the bond they are issuing in order to determine if the positives outweigh the negatives of buying the company’s bonds and holding them until maturity. Learn more about James Dondero at High Yield Credit.
His professional career began in 1984 when he was hired as a financial analyst for the Morgan Guaranty training program. The next year James Dondero joined American Express as a corporate bond analyst. By 1989 he was a portfolio manager and had a fund worth roughly $1 billion. He also worked for a subsidiary of Protective Life before establishing his own company.
He has been trying to make a positive impact in the Dallas community for the past several years. He has donated over $14 million including $1 million to the Dallas Zoo. The Dallas Zoo had closed their hippo exhibit years ago and needed money to develop a new one. James Dondero stepped in and with the money he donated they were able to construct a building to view the hippos.
Another nonprofit that James Dondero has supported is The Family Place. This organization helps people who are fleeing from domestic violence. He provided enough money to complete their newest building which houses victims of domestic violence and provides them with job training and other services.