Highland Capital’s James Dondero sees big growth in US distressed debt market
|May 1st, 2010||
|James Dondero, President of Dallas-based Highland Capital Management LP, said in interview on Thursday with Bloomberg that he believes that US distressed debt will return 15% to 20% through 2010. In the interview, he stated that leveraged loans should benefit from the uncertain market climate with healthcare, chemicals and building products focused companies representing the best opportunities.|
James Dondero co-founded Highland Capital Management with Chief Investment Officer Mark Okada in 1990. The investment advisor and hedge fund manager currently oversees approximately $24 billion in assets.
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