Archive for the ‘Business Leader’ Category

George Soros – A Man Who Makes A Difference

Sunday, July 16th, 2017

George Soros is a man who is known throughout the world. In Europe, he is known as the driving force behind a wide range of investment activities and business ventures. In the United States, he is perhaps best known for his social activism and political support, mainly for the Democratic Party. In Asia and Africa, he is known for his immense philanthropy and humanitarian work. None of this fame however is what George Soros started to have when he started his life in humble beginnings in Budapest Hungary, nor did he ever dream as he fought for survival as a Jew during the Nazi occupation of the city that he would one day be one of the richest and most influential men in the world.

Read more: http://www.businessinsider.com/george-soros-billionaire-investor-profile-2017-1

Born in 1930, he came from a family which taught him the value of a dollar, the importance of a good moral compass, and the vitality of surviving in the face of oppression. He came out of the dark time of the Nazi occupation with a sense of social justice, and a changed world view. He soon immigrated to England, where he worked as a railroad porter and waiter while putting himself through the London School of Economics. From LSE, he earned a degree that got him in the door of his first job in the financial sector, working at a merchant bank.

In 1969, he moved to New York City, where he started his first fund, now known as the Quantum Fund, with little more than Twelve Million Dollars and a reputation of success he brought with him from Europe. George Soros soon grew that fund into one of the most prosperous of its time. Even today Soros Fund management, his family firm, carries more than $30B in assets, and he still provides key insights as to how the firm’s capital is handled. Read more on nytimes.com

He is not just a man behind the money; he is also the money behind a lot of social changes that have occurred in the world in the last 30 years. A man who believes strongly in the rights of the individual and that governments work for the people not the other way around, he has become a major part of many activism movements and political campaigns over the years. He also works with many charitable groups and humanitarian aid and rights organizations overseas, particularly in Africa and Asia to help those who are impoverished and under the grip of low education and limited heath improvement options.

He recently hired Dawn Fitzpatrick, one of the most success women in the financial arena as Chief Investment Officer for Soros Fund Management. She will be the seventh CIO since 2000, but George notes that it has been a task to find the right person for the job to ensure that the firm success keeps going for many years to come. It is just one more way that George Soros plans for the future, both in his business dealings and in his desire to make the world a better place. Visit Project Syndicate to learn more about George.

James Dondero Supports Highland Capital Management with Intense Insight

Saturday, April 15th, 2017

James Dondero is co-founder and President of Highland Capital Management, and investment company offering alternative investment opportunities to a variety of clients. Jim’s initial focus was on collateralized loan obligations and other credit issues. In 1993, Jim and his business partner, Mark Okada, turned their small investment into $15 billion, investment firm Highland Capital. The company is headquartered in Dallas.

 

Jim has since had some major successes in other areas of the market, aside from credit. Highland offers access to their Highland Global Allocation Fund, worth nearly $894 million. Over the past 12 months the fund has returned 29.6 %. The fund does have its ups and downs. The fund is fairly concentrated. They may invest 40 percent of their assets in a small number of investment scenarios. This is very unlike most mutual funds. James Dondero claims that you can’t expect much from a fund that has little volatility. Most mutual funds try to severely reduce volatility; however, they reduce upside performance at the same time.

 

Dondero invests about 50 percent of the assets in his mutual fund, in a diversified portfolio of stocks, however, the other 50 percent is concentrated in specific areas he believes will outperform the markets. One area the company focused on was Argentina. The country had been having financial problems and they felt that a bottom was nearing. In 2014, the company invested heavily in Argentina. Towards the end of 2015, the country had a new leader and the debt Dondero purchased for 70 cents on the dollar, was approaching $1.20.

 

Jim is not your typical fund manager. He is fairly reserved, somewhat introverted and more of a thinking man. He claims to base his success on the fact that he is a good problem solver. He thinks through each situation and looks for the most likely outcome.

 

Jim graduated from the University of Virginia, in accounting and finance. He is a Chartered Financial Analyst. Five years after finishing college he was handling a $1 billion fixed income portfolio for American Express. He also worked with Protective Life’s GIC subsidiary. He and Mark Okada started Highland Capital Management in 1993