Jim Dondero Positive About Distressed Investors Buying Argentina Bonds After It Clears Their Debts

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.

Probably, this time, around Argentina will experience a great shift of the stock market trade especially with efforts of the new president Marcia compared to its former president. Jim has recorded positive income from the securities he already has with Argentina. In 2014, he recorded a gain of 20% which in return replaced the loss that its hedge fund had recorded with the energy market in 2015. Probably the fund will gain more after Argentina is lifted off the ban that has been hindering the country to pay off the debts. Dondero also sees a possibility of other investors rejoining the Argentine market after their debts are cleared. Despite being risky, the investments has been positive for Highland Capital Management LLC.

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.

One thought on “Jim Dondero Positive About Distressed Investors Buying Argentina Bonds After It Clears Their Debts”

Leave a Reply

Your email address will not be published. Required fields are marked *