Highland Capital Management is betting big on health-care equities this year. Michael Gregory, the firm’s chief investment officer, claims that most health-care stock trend lines have hit a support level indicating that some are set to increase in value. Read this article at investopedia.com.
Their affiliate company, Highland capital Management Korea Limited, has also committed $147 million to a health-care private equity fund backed by the National Pension Service, (NPS). The private equity fund is the first in Asia to focus explicitly on health-care stocks, and it will be co-managed by Stonebridge Capital.
In 2016, Michael and his team’s stock-picking skills helped the company generate a 32 percent return for their investors. Analysts at the Dallas-based small equity fund predicted a boom in the energy sector and created a portfolio that included some of the major energy stocks. With time, the analysis would prove its accuracy and the long positions resulted in returns almost thrice the S&P index. Visit hcp.com to know more.
Previously, the analysts had advised the company management to include pipeline partnerships in their portfolio as some of their stocks were under-valued. When oil prices surged, the investments paid off, and a significant percentage of the returns were as a result of the partnerships. The dividend yield as a result of these investments was double digit.
About Highland Capital Management
Highland Capital Management was established in 1993 by James Dondero and Mark Okada. The company is registered by the Securities Exchange Commission (SEC) as an investment manager and advisor. The company has its headquarters in Dallas, Texas and has local offices in New York, Sao Paolo, Singapore, and Seoul.
Highland Capital focuses on credit solutions and has proven credit strategies for hedge funds, separate accounts, distressed debts, and collateralized debt obligations (CDOs).The firm has worked with global pension funds, foundations, charities, and governments offering them financial services in alternative investments.
The company is quite small compared to other investment managers. Together with its international affiliates, Highland Capital has assets worth $55 million and a total of $15.4 billion assets under management (AUMs).
Highland Capital is not only interested in creating wealth for its investors but also ensures that the societies around which the company operates are impacted positively. Corporate social responsibility is reflected by the company’s volunteerism, charity memberships, and direct financial donations to both local and national non-profit entities. Over the last decade, the company has spent over $10 million in support of social causes.