Dallas based hedge fund firm recently announced the intensification of its humanitarian efforts. In line with this, the firm’s cofounder and president, James Dondero unveiled a partnership with Linda Owen. Linda is a renowned civic leader and humanitarian in Dallas. In the past, she headed the Woodall Rodgers Park Foundation. She has been roped in by Mr. Dondero to give the firm’s charitable efforts a broader perspective.
Owen will be at the helm of Highland Capital’s charitable giving division. She will work closely with The Dallas Foundation, which oversees the firm’s charity fund. Dondero retaliates that with the expansion of HCM’s activities, there has been a growing need to bring on board an experienced professional. The professional’s role is to ensure that funds set aside by the firm to support various initiatives are properly utilized for the benefit of local communities. Judging from her experience and dedication, Owen was the most suitable person to play this role.
Where HCM’s Contributions Go
Highland Capital Management gives more that 3 million dollars every year to numerous initiatives via The Dallas Foundation. More often than less, the funds are usually channeled towards supporting educational and healthcare reforms, and veteran causes. Organizations that have benefited from the fund in the past include the George W. Bush Presidential Library and Museum, the Center for Brain Health, the Dallas Zoo, Uplift Education, and Snowball Express.
Besides providing monetary assistance to the organizations, Dondero has personally led senior HCM executives in efforts to guide the organization about proper utilization of the funds. On her part, Owen welcomes her new role by stressing that she will use her experience to make the firm’s efforts enduring.
James Dondero in Brief
Jim co-founded Highland Capital Management in 1993 and has led it into one of the largest firms in the financial services industry. He is a legendary figure in the industry due to the success that he has had, and also his experience.
As President, Dondero has provided astute leadership, which has seen the company grow tremendously. So far, it has an asset portfolio worth over 21 billion dollars. He is a highly proactive corporate executives and is involved in all HCM decisions.