Highland Capital Management in Dallas, Texas announced the beginning of March 2015 that the firm became a member of the United Nations Principles of Responsible Investment (UNPRI). UNPRI is a network arena, including international investment firms and managers committed to applying major principles, which adds to the integrity of signatories who become members. James Dondero, Co-founder of Highland Capital Management, LP has contributed to building the firm’s reputation for over 25 years. Since the investment advisory firm was established, its SEC registered advisors have managed billions of dollars in assets. Highland Capital Management and its affiliates are recognized as one of the most successful hedge fund management firms in the United States and global.
When investment firms, managers, and advisors become a member of UNPRI, they make a commitment to implement six standards. The first standard the firm commits to is implementation of all principles and integrating ESG issues into investment analysis. Secondly, Highland Capital Management commits to integrate ESG issues into their ownership policies and practices. The next standard is to develop transparency of disclosures that include ESG issues of Highland’s invested assets. Highland also makes a voluntary commitment to promote the standards within the international investment industry.
The fifth standard suggests Highland Capital Management to voluntarily work collectively with other UNPRI members in principle implementation. Lastly, Highland Capital commits to report investment activities and the practice of implementing Principles of Responsible Investment standards. As a signatory, the firm will have access to various resources to help with the implementation process. United Nations Principles of Responsible Investment doesn’t require members to set those standards for their firm. Highland Capital confirmed in a press release that the firm is dedicated to applying and implementing the six standards to their investment strategies.
James Dondero and partner, Marc Okada founded Protective Life Insurance Corporation in 1990 and three years later formed Protective Asset Management Company. In 1997, the partners formed Ranger Asset Management and changed the name to Highland Capital Management the following year. Dondero and Highland Capital affiliates have received prestigious awards, including the Thomson Reuters Lipper Fund in 2015 and 2016. Mr. Dondero is also a philanthropist and has donated millions of dollars to non-profit and charitable organizations in the community of Dallas, where he resides and manages Highland Capital. Now that Highland Capital Management is a UNPRI member, the partners are willingly committed to integrity and ethical standards of its investment funds.