According to a report releases on Forbes on 31st Dec 2015, the stock market ended the year where it began. In the first half of last year, the market was calm and this was as a result of investors’ optimism. Immediately after the second quarter began, there was a mini-crash between August and October, and this made investors to be more skepticism and focused on risks. As the stock market recovered form that mini-crash, investors were not able to rebuild their confidence, and uncertainties were all over again.
The falling oil prices are the new worries that investors are trying to coupe up with. The many uncertainties that investors were facing in the stock market towards the end of 2015, were transferred to 2016. Analysts and other experts in the industry are not exited by these developments, but are forced to conservative optimism. In its current situation, the stock market is at a favorable point where it can result in positive surprises in 2016. Investors are focusing their pendulum towards the risk side, but the probability of getting a countermove swing with excellent gains are very high.
Understanding James Dondero
Jim Dondero is a hedge fund manager based in Dallas, Texas. He co-founded Highland Capital Management in 1993, and has worked for more than three decades in the credit and capital markets. Together with his co-founder Mark Okada, they pioneered CLOs and credit oriented solutions as investment vehicles for clients. Before he established Highland, Jim was working at Protective Life where he managed $2 billion asset under management. In addition, Dondero worked for American Express serving in the position of Corporate Bond Analyst and later he became Portfolio Manager. Watch Jim and his team ring the NYSE Closing Bell below.
Jim is a graduate of University of Virginia where he specialized in Accounting and Finance. As a result of his leadership, HCM is among the largest alternative credit managers across the globe. The firm provides a wide variety of credit solutions and other long term strategies that facilitate the operations of entities in the market.
Jim serves as member of numerous boards including American Banknote, MGM Studios, in addition to chairing others like CCS Medical, NexBank as well as Cornerstone Healthcare. Jim is a Chartered Financial Analyst who is approved to use Certified Management Accountant designation. Under his leadership, HCM has invested in high yield credit and leveraged loans. The company is estimated to have over $13 billion AUM.