Highland Capital Management: Best Investment Solutions

China’s relentless fight to restore Yuan back to stability is turning out to be a losing battle. Their current attempt to starve offshore market with cash and, in turn, flood domestic banks did not bear any fruits as speculations against Yuan went back to where they were at the beginning of the year. Earlier in January, the cost of borrowing in Hong Kong went up due to a move by China’s central bank to buy the currency. In the process, this made it costly for short traders to borrow. This move appeared as a warning to short-sellers, who borrow assets and sell them with the aim of buying them back when their prices reduce hence making the profit.
Sim Moh Siong, who is a foreign-exchange strategist, warns that even though the cost of borrowing has gone down, short-selling won’t be very promising in the future as the similar actions to increase the cost of borrowing are bound to take place. Even with the China’s officials fighting the fears of a weakening currency and claiming that they plan to maintain the exchange rate the variation between foreign-exchange and macroeconomic policies is not helping as speculators continue to benefit.

Highland Capital Management is among the world’s great investment adviser. It was founded in 1993 and registered by SEC. It has a diverse clientele ranging from government to high-net-worth individuals and offers some services including alternative investment like long/short equities and natural resources; credit strategies like hedge funds, separate accounts, and long-only funds. Not only is HCM founded on the philosophy based on the principle of being the largest Collateralized Loan Obligator in U.S. and disciplined to use all means to curb risk it’s also headed by one of the brilliant minds in U.S. James Dondero.

Jim has more than 30 years of experience in credit and also equity market. An alumnus of the University of Virginia, Jim graduated with the highest honors in BS Commerce Accounting and Finance option. He’s also a Certified Public Accountant, Chartered Financial Analyst and Certified Management Accountant. Dondero started his very promising career in 1984 by joining Morgan Guaranty Training program where he worked as an analyst. He also served as Bond Analyst at American Express and later became Portfolio Manager.

Before joining HCM, Jim worked as the Chief Investment Officer at GIC, which is a subsidiary of Protective Life. He saw GIC rise from its birth to over $2 billion within four years. Currently, Jim is also the Chairman of Cornerstone Healthcare, NexBank, and CCS Medical. He is also a board member of MGM Studios and American Banknote. Click here for more information.

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