Argentina is finally making a comeback to the market since 2001 when the country had huge defaults and lots of debts. The country expects to raise $12 billion which it will then use for debt settlements to its creditors like Paul Singer. While it makes a grand reentry by selling its board, it can count on Highland Capital Management a hedge fund run by James Dondero to buy a good sum of its securities. Highland Capital Management also holds $4billion Argentina notes that are due in 2033. James Dondero and the fund have decided to hold what they have and get more from Argentina and also have hopes that the creditors once cleared will still hold some shares with Argentina.
Jim Dondero investments in the Argentina’s market is as tough as all other he goes for like niche products that are timber, oil and gas. He founded Highland Capital Management in 1993 and has been making great profits with the fund excluding 2015 when the fund was hit by the drop in prices in the energy sector. Jim works with stressful investments, and he gets huge profits in return. Professionally he is a Certified Professional Accountant (CPA), Certified Management Accountant (CMA) and a Certified Financial Analyst (CFA). He joined the financial credit analysis sector in the 1980s and has more than 30 years’ experience in the field.
James Dondero also brought positive change to the field of financial credit by introducing solutions to financial credits. He and Highland Capital Management have been awarded recognition of products like Collateralized Loan Obligation (CLO), RTFs, REITS, private equities and personalized accounts for institutions.