Highland Capital Management Adds Co-CIO To Enhance Client Outcomes

Highland Capital Management logo (PRNewsFoto/Highland Capital Management)

In September, Highland Capital Management appointed Trey Parker as the co-chief investment officer. Mark Okada is the chief investment officer and is a co-founder of Highland Capital Management. He is responsible for the company’s investment platform, which is worth $13 billion. Mr. Okada said that Mr. Parker had worked hard to earn the promotion by dedicating over 10 years of operational drive and innovation. Mr. Parker helped improve collaborative efforts across multiple sectors, and he streamlined risk management and research processes for the company. During that time, his main goal was improving client outcomes. Mr. Okada also said that it was a privilege to have Mr. Parker on his team. He stated that Mr. Parker would accept his new role with full support from the entire firm and its co-founders.

Trey Parker’s Achievements For Highland Capital Management

After Mr. Parker became part of the Highland team in 2007, he moved to higher positions several times before receiving his recent promotion. At one time, he served as the portfolio manager for high-profile credit accounts, and he was the credit research platform leader. Jim Dondero, a co-founder of Highland, said that Mr. Parker was an integral part of the company’s overall growth because of his administrative expertise with a valuable investment platform. Also, Mr. Dondero stated that Mr. Parker is intuitive enough to be able to predict what clients need, which is an important part of the company’s current strategy. In 2015, Mr. Parker earned a place as a partner with the firm.

In an interview regarding his new role, Mr. Parker said that the recognition was humbling. He was thankful for Mr. Okada and Mr. Dondero showing their trust in his abilities. Mr. Parker added that the two co-founders had created a bold and disciplined investment style along with a powerful entrepreneurial company culture. He was thankful that such a culture existed at Highland since its beginning and is still being cultivated today. Mr. Parker said that the stable foundation of the company and its commitment to increase scalability brought him confidence and motivation to reach toward future prospects.

Although Mr. Parker will be working closer with Mr. Okada, both professionals will retain their individual management responsibilities for portfolios. Mr. Okada will still focus heavily on institutional funds. However, he will co-manage the Highland Floating Rate Opportunities Fund along with several other notable accounts. Also, Mr. Okada will retain his role as the head of Highland’s structured products business, which is called Acis Capital Management. Mr. Parker will still be Highland Opportunistic Credit Fund’s co-manager. He manages some individual and institutional accounts, and he will retain his responsibilities with those.

At the time of Mr. Parker’s promotion, Highland appointed Jon Poglitsch to become the head of credit research. Mr. Parker’s previous responsibilities that will not be retained in his new role were reassigned to Mr. Poglitsch. As co-CIO, Mr. Parker will continue his roles with the Private Equity Investment Committee and the Executive Committee. His promotion will grant him new roles with the Structured Products Investment Committee and several other committees.

About Highland Capital Management

Highland Capital Management was founded in 1993 by Mark Okada and James Dondero. The company is based in Dallas, Texas. In addition to a second New York office, Highland Capital Management has offices in South Korea, Singapore and Brazil. Executives and team members work with multiple affiliates to manage and retain billions of dollars in account assets. The company is registered with the U.S. Securities and Exchange Commission. Today, Highland Capital Management is one of the world’s largest alternative credit management companies. Experts within the company are experienced in long and short equities, emerging markets and natural resources. In addition to alternative investments, its specialties include collateralized loan obligations, private equity for special situations, credit strategies, long-only funds and credit hedge funds.

As a company that prides itself in having a variety of clients, Highland Capital Management works with foundations, public pension plans, corporations, endowments, governments, financial institutions and individual clients who have a high net worth. Highland’s mission is to provide clients with above-average returns on a consistent basis. To do this, the professionals use tested and proven investment principles, and they maintain meticulous discipline.

Highland is also committed to corporate social responsibility. The company believes in promoting education to help shape the leaders of tomorrow, which is why many of its philanthropic efforts focus on local educational facilities and organizations. Since happy clients often give valuable gifts to Highland for its services, James Dondero decided to donate most of them. When the company received valuable bottles of wine, it donated them to the American Heart Association’s wine auction. Highland has also donated certificates for free meeting spaces in high-profile places to charities and organizations that cannot afford the normal fees.

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