One of the nation’s leading investment management firms, Highland Capital Management, L.P., which is headquartered in Dallas, Texas, is slated to lose its longtime Chief Investment Officer.
Earlier this week, on Sept. 30, 2019, Highland Capital Management sent out a press release that indicated co-founder and CIO Mark Okada would be stepping down from his day-to-day role in the business by the end of the year. Although he won’t remain in the role he currently occupies, Okada will continue serving Highland from a laid-back, non-active, advisory role.
Mr. Okada will also choose to continue holding his stake of ownership in Highland Capital Management.
Okada’s soon-to-be-former role as Chief Investment Officer will be handed down to both Jim Dondero and Joe Sowin. Sowin will be stepping up from his current mid-level investment activity oversight role to become Co-Chief Investment Officer; Dondero will remain the President and Chief Financial Officer of Highland once Okada steps down.
News of Okada stepping down from actively working for Highland Capital Management has long been anticipated, as the co-founder has eschewed several of his day-to-day responsibilities at Highland Capital Management to other top-tier executives at the firm, particularly those related to Highland’s credit research team and structured products team. Get More Information Here.
About Highland Capital Management
In 1993, James Dondero and Mark Okada founded Highland Capital Management alongside one another. Each of the alternative investment management experts have maintained active roles in day-to-day operations for the 26-plus years that Highland has existed as a corporate entity. Read This Article to learn more.
Highland Capital Management was one of the first American financial services firms to get creative in the packaging of loans as financial instruments and marketing of these innovative instruments.
Highland Capital is a pioneer in the leveraged loan market, the firm has evolved over 25 years, building on its credit expertise and value-based approach to expand into other asset class
The firm was responsible for designing the first software to electronically track loan portfolios, which is used by a majority of loan managers. They sold the software to JPMorgan Chase in 2003.
The firm’s success comes partly from Dondero’s and Okada’s combined years of existing experience with alternative investments at the time they founded Highland, despite the fact that the alternative investment market was taken seriously by very few in the financial services industry.
Highland currently maintains major offices in Rio de Janeiro, Brazil, Buenos Aires, Argentina, Seoul, South Korea, and Singapore.