One of Dallas’ largest hedge funds Highland Capital Management is getting into real estate development. The firm has begun a project for a luxury apartment complex in Phoenix, Ariz. and is filling into markets where the prices for existing properties have been driven up by speculators. “We’re doing more development in real estate,” Highland Co-Founder James Dondero said in an interview. “There’s almost better value in certain places if...
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It’s finally ready! Our $14 million, 2.1-acre Simmons Hippo Outpost, an immersive African waterhole habitat that includes an underwater viewing area, will open on Friday, April 28. An official ribbon-cutting at 10:30 a.m. will kick off the three-day, Simmons Hippos Outpost Opening Weekend, featuring special activities and giveaways. “This habitat has exceeded our highest hopes,” said Gregg Hudson, Dallas Zoo’s president and CEO. “We’re confident that...
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Barron’s profiled Highland Co-founder and President Jim Dondero and the Highland Global Allocation Fund for its monthly alternatives feature. Read full story HERE...
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By Mark Okada | February 29, 2016 With the volume and speed with which information is exchanged, it has become increasingly challenging to sort through the data available and determine what is and isn’t significant—or as we like to describe it, what are signals and what is noise. We view the Purchasing Managers’ Indexes (PMIs) that are released monthly by ISM and Markit Group as...
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By James Dondero | February 16, 2016 While stocks finished last week in the red the broad market averages closed strongly, which suggests the bulls may have wrestled the ball back from the bears. Market internals were also encouraging, showing roughly 50% fewer new 52-week lows than just a few weeks ago. The reason for the strength was due to a long overdue bounce in the...
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By James Dondero | December 14, 2015 Last week demonstrated a tone of “risk off” in the markets, as investors prepare for the potential of rising interest rates from the FOMC for the first time in 10 years. Both stocks and high-yield bonds were off sharply, in favor of the relative safety of US Treasuries. While the bears have clearly wrestled the ball from the...
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By James Dondero | October 2, 2015 Stocks finally had a good week, as both the S&P 500 and NASDAQ held their August 24th lows. Even more important is that both exchanges saw few new 52-wk lows in the (testing) process, which suggests the market has likely put a short term bottom “in place.” That being said, widening credit spreads remain not only a headwind –...
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By James Dondero | September 21, 2015 Markets were quite volatile last week, with stocks reacting negatively to the Fed’s decision to keep interest rates unchanged. While the FOMC did make it clear rates were likely to rise by year end, “lower for longer” is the message to which markets are now adjusting. Bonds however, are benefitting from the announcement as the relatively high yields on...
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By Jim Dondero | September 14, 2015 US stocks finally had a quiet week, ahead of one of the most widely anticipated FOMC meetings ever. While the broad market averages have bounced off their mini-meltdown lows, bottoming is typically a process rather than event and those lows may well see further testing in the days and weeks ahead. Looking around the world, developed markets remain in...
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By James Dondero | September 08, 2015 US stocks finished the week lower, unable to build on their rally off the Aug 24th lows. Stepping back, while stocks could be quite oversold here, market bottoms are typically a process versus an event, and further bouncing and testing around the August lows would be quite normal. One key to the stock market going forward may be the...
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