James Dondero Launches $1 Million Challenge Grant to Finalize $16.5 Million Campaign of the Family Place

James Dondero has officially announced that Highland Capital Management has donated $1 million to support The Family Place, a Dallas-based organization that assists victims of domestic violence, accumulate the closing $2.8 million within the next six months. This month, The Family Place hosted its 21st Annual Texas Trailblazer Awards Luncheon at the renowned Dallas, Texas-based Hilton Anatole. Additionally, the generous support from HCM was publicized during this conference.

HCM is intending to use its philanthropic arm, the Highland Dallas Foundation, Inc., to administer the grant by matching 50 percent of the money collected for the campaign. The Highland Dallas Foundation will raise the $1 million starting from October 2015 to April 4, 2017. Since the announcement was made on October 4, The Family Place has managed to raise an extra $200,000 plus $100,000 from Highland’s Grant in support of the Legacy Campaign.

The Family Place is aiming to raise $2.8 million to achieve the campaign fundraising target of $16.5 million. Thus, Highland’s challenge grant will make sure The Family Place meets its target. According to Dondero, the grant is a response to call to action by Dallas leaders such as Mike Rawlings, the Mayor, and David Brown, Police Chief, for the community to assist in solving this dangerous issue in Dallas.

Brief details on James Dondero

James Dondero co-founded Highland Capital Management (HCM) in 1993, and he is the current President and CEO. Armed with more than 30 years professional expertise in equity and credit markets committed entirely on distressed and high yield investing, Dondero is an astute hedge fund manager. He has led HCM in developing credit-oriented solutions and creating Collateralized Loan Obligation (CLO) for corporate and private investors worldwide. HCM’s unique product offering consists of CLOs, Private Equity Funds, REITs, hedge funds, CLOs, and separate accounts.

Dondero majored in Finance and Accountant. He holds professional certification such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), and the prestigious Certified Management Accountant (CMA). He enrolled in the Morgan Guaranty Training Program in 1984 to sharpen his credit analysis skills. He was part of American Express serving as a Corporate Bond Analyst before ascending to the position of Portfolio Manager (1985-1989). Dondero expanded Protective Life from infancy to $2B (1989 and 1993). Originally posted on PRNewswire: http://www.prnewswire.com/news-releases/james-dondero-announces-1-million-challenge-grant-from-highland-capital-management-to-finish-the-family-places-165-million-capital-campaign-300341376.html

Diversant, LLC Has Grown To Be One Of The Largest Minority-Owned Enterprises Thanks To John Goullet

Diversant, LLC is a premier IT staffing company that connects individuals with the proper credentials to IT companies looking for their expertise. The company was founded by Gene Waddy and John Goullet back in 2010, and is based in Red Bank, NJ. It is a model for how staffing can be done while saving client companies money, and diversifying their workforce. Diversant’s goal is just what its name implies, to give people of all backgrounds a chance to find their place in the corporate world. Diversant runs a talent referral and recruitment initiative that helps keep their employment retention rates high.

Diversant also has several benefit programs to help IT consultants hired at their firm advance their training and inspire hard work from them. Consultants are given health insurance and 401k options, as well as paid vacations and assistance for tuition payments. They also help veterans who are coming back into the civilian workforce through the STAR and NOVA programs, where veterans can receive training and on-site job experience. In addition, Diversant has given back to the community through scholarship programs, such as the Marion P Thomas Charter School grant, and the Harlem Business Alliance community.

None of what Diversant has done today would be possible without the work of John Goullet, the current Executive Principal of the company. Goullet started off as an IT consultant himself, working for several New Jersey companies like the Constell Group, 3D Information Services, and TSR Consulting. He soon started moving into the staffing solutions industry, and in 1994 he founded his own company called Info Technologies. This company became quite a game-changer when it came to pairing up consultants with fortune 500 companies, that it grew its profits to $30 million by 1999, gaining recognition in Inc. Magazine as one of the fastest-growing staffing firms.

Info Technologies continued on its successful path until 2010, when Goullet decided to bring his company together his friend Gene Waddy’s company, another IT Staffing firm called Diversant, Inc. The merged company became Diversant, LLC and it grew stronger than ever. Diversant has opened up offices all around the US from New Jersey to California.

Keith Mann Announces Scholarship

Keith Mann has been in the executive search industry for over fifteen years. He is an expert in staffing and hedge fund compensation. Keith Mann founded Dynamics Search Partners. This is a search firm dedicated to alternative investment firms. He works with firms in Europe, Asia and The United States. He is not only a businessman but he is also a philanthropist.

Keith Mann recently announced that he created a scholarship for professional achievement. They have partnered with Uncommon Schools for a scholarship. They are a non-profit organization based in New York City that consists of over forty-two charter public schools in New Jersey, New York and Massachusetts. They are created to ensure that low income students are able to receive amazing education that will help them to be ready for college when the time comes. The scholarship that the Manns and Uncommon Schools are giving will be received by one graduating senior each year who is a part of a Brooklyn high school. These scholarships are meant for low income students who otherwise would not have the opportunity to attend college if they did not have the scholarship. The person who receives the scholarship will receive five thousand dollars to attend college. This is a dream come true for many people.

Uncommon Schools is even opening a new Brooklyn school. Many will be helped due to the partnerships of Keith Mann, Keely Mann and Uncommon Schools. They are doing all they can to help in education and ensure that many more children are able to attend college.

Source: http://www.prnewswire.com/news-releases/keith-mann-and-dynamics-search-partners-raise-over-22k-for-uncommon-schools-of-new-york-300044729.html

Additional Links:

http://www.hedgefundemployment.com/hedge-fund-opportunities.php

https://www.crunchbase.com/person/keith-mann

Glenn Beck Launches Public Attacks Against Indifferent George Soros

If anything, pundit Glenn Beck’s public attacks against George Soros Nazi seem to have had only one noticeable impact: Soros is not concerning himself too much with a public image as much as being aligned with the right ideals.

Some are calling Beck’s smearing of Soros reminiscent of the anti-Semitic attacks used by the Hungarian far right. Some believe Beck’s statements would be hilarious if his opinion wasn’t so important to such a large audience.

The question if Soros’s indifference to the attacks are a risk remains up in the air. Whether the source is his former country or Fox News, the financier has yet to take the bait publicly, remaining dignified and respectful throughout. Of course, Soros has been in the cross hairs of far worse than the likes of Beck.

There are those that believe Soros should take a stand. Beck would certainly be an easy target. Beck has shown no issue with launching boldfaced attacks against high profile opponents while lacking a full understanding of his targets’s ideals or history. Beck has actually attempted to use the fact a teenage Soros escaped the Holocaust as a weapon against Soros.

At 14, George Soros was a messenger of the Budapest Jewish Council who partnered with the Gestapo to preserve the Jewish community. While Soros was performing his duties, he was actually advocating defiance.

Read more:
Puppetry

And Now: Anti-Semitism

Soros appears to be immune to Beck’s taunts. Of course, acknowledging the opinions of a Glenn Beck is probably meaningless to a man that walked the streets a Jew under the Nazi regime.

While the past implies Soros seems to appreciate being vilified and how it fortifies his status as eternal outsider, there are those who believe Beck should not be underestimated. Despite obvious misstatements and lack of knowledge, it is believed that Beck has a huge following that will believe anything he says. And as survivors of the Nazi regime have been known to say, it starts with the words.

Like his peers, including Michael Savage and Rush Limbaugh, Beck has certainly aligned himself with the power of words. His is entertainment ground in right wing demagoguery that doesn’t have to be founded in fact or history. It’s about moralizing, debasing and preaching with conviction to an audience that’s already willing to rail against subjects and topics that do not accommodate their politics. From Obamacare to screaming about a shadow government (of which Soros is the mastermind) waiting to overthrow the American system for a single world government, Beck has mastered red baiting. And Soros, too dignified to respond, makes an easy target for rhetoric.

If anything, Soros has to be admired. He acted bravely, secretly promoting freedom and defiance under the eye of a murderous totalitarian state and went on to become, as Beck tries to lament, the “most powerful man on earth.” Soros’s life is a fascinating one and a testament to how success and greatness is in all of us. However you may feel about the man, his high level of achievement and dignity is to be admired.

Learn more about George Soros, Nazi:

http://www.thedailybeast.com/articles/2010/11/13/glenn-becks-attacks-on-george-soros.html

https://www.opensocietyfoundations.org/people/george-soros

In Entrepreneural Broadcast Sanjay Shah Talks Solo Capital & Autism Rocks

In an an article on PR Newswire, the contents of a recent interview on Entrepreneurial Podcast Network’s Enterprise Radio with Sanjay Shah was given. Shah was interviewed by Eric Dye in Dubai, United Arab Emirates. This is a radio show that serves as a major broadcast venue for the world’s top business creators and operators. Through this world-wide media, top entrepreneurs share inspiring stories, live events, and business advice, cautionary tales of troubling transactions, and other information.

Autism Rocks and Solo Capital are both Sanjay Shah’s inventions, the first is his charity to benefit basic autism research as part of his philanthropic efforts from retirement. Autism is a neurological disorder that affects the whole lifetime of those who have it. The second is his London brokerage that Shah expanded into multiple businesses in several locations on the globe. He was already very respected as an enormously successful businessman.

Now Shah is being lauded as a most-worthy contributor to a cause that is quite near and dear to him, personally. He has a son who was diagnosed as being autistic. Autism is an increasing problem, with 1 out of every 68 people born with it now, which is a huge 30 percent increase in only 4 years! Find out more about Autism Rocks at their web site: www.autism.rocks. Autism Rocks is a private charity music concert venue to fund a Cambridge University study of the causes and treatments for autism.

As far as business advice, Shah said that many people underestimate how much capital is needed to successfully launch a new company. A second piece of advice: do not think you can do everything by yourself. This April, Autism Rocks put on concerts with Tyga and Flo Rida. Past concerts have featured the late Prince, Snoop Dogg, Michael Bublè, Drake, and Lenny Kravitz.

Sanjay Shaw built Solo Captial after being suddenly downsized during the crazy days of the financial crisis on Wall Street in 2009. He founded the business from his original Aesa S.a.r.l. company. Since then he has bought and started several other businesses in diverse locations, such as Luxembourg, Malta, Cayman Islands, and the British Virgin Islands. He even got back into the hedge fund business with his purchase of Old Park Lane Capital. He earned over £19 million pounds from these companies in 2011, bringing his estimated total net worth to approximately $280 million USD.

 

Find out more about Solo Capital:

https://www.crunchbase.com/organization/solo-capital

https://www.linkedin.com/company/solo-capital-partners-llp

James Dondero: Best Hedge Fund Manager 2016

The third-quarter financial report filed by the Highland Capital Management team shows that the company is progressing positively. The stocks that were featured in the report represent those they own in the United States, and they make up about 22.73% of their total assets. James Dondero’s HCM acquired new stocks according to the report. They spent vast sums of money to obtain the new positions, and they include the $67 million used to acquire Spdr 500 Etf shares, the $23.35 million on Amazon and $17.73 million spent on acquiring new stake at the Eagle pharmaceuticals among other positions. In total Highland Capital Management entity acquired 69 new stocks.

Highland Capital Management Fund also increased their stake at some companies in the United States. They increased their stocks by 60% in the American Airls (Call) (AAL), 18% on the Corning Inc., 16% increase in the Patterson Companies Inc., and the Salesforce Com shares up by 18%. The 13F quarterly also showed the top performing stocks in the US and they include the American Airls, Salesforce Inc., and Ishares Tr, and they make up 13% of total listed securities in the USA managed by HCM. The report further shows that HCM increased the Information Technology sector funding from 16% to 18%. The current investment in the industry is $615.40 million.
Highland Capital Management is an investment adviser that has assets worth $21 billion. Their headquarters are located in Dallas, TX. The company’s clients constitute of pension plans, financial institutions, governments and corporations. They are the pioneers of collateralized obligation loans and offer alternative investments comprising of natural resources, emerging markets among others. It was started by Jim Dondero in 1993 and has been providing excellent solutions for credit and equity markets. HCM still maintains offices in New York, Seoul and in Singapore.
James Dondero is the Co-Founder of the company. He has a track record of performance like the startup Protective Life business that had a growth of $2 billion within two years. He has been awarded a number of accolades in his career too. Jim is also involved in charities. His attention is mainly on public and education sector including the veterans’ welfare. He is a graduate of the University of Virginia and earned a degree in accounting and finance. James has also earned the right to use the following designations Chartered Financial Analyst (CFA) and Certified Management Accountant (CMA). For more information, click here.
Follow James on Facebook to stay up to date on the stock market this year.

Charles Koch’s Views On Criminal Justice Reform In The United States

Charles Koch, the owner of Koch Industries is working hard to push towards criminal justice reform on both the state and federal level. Mr. Koch is deeply concerned about how unfair the criminal justice system is for people who are disadvantaged and poor. He believes that the wealthy, privileged and well connected are treated very differently in the courts and have an unfair advantage when they face the criminal justice system.

Although the billionaire, declined to sit down and express his views directly regarding criminal justice reform in the country, his spokesperson on the matter Mark V. Holden agreed to an interview on Charles’ view on the matter. Mark agreed to sit down to an interview conducted by The Marshall Project, which studies the criminal justice system in the United States.

One of the key points to take away from the interview is that Charles Koch considers himself a classic liberal, not a libertarian. His view is that there should be less government meddling in people’s lives and greater emphasis on individual freedoms. Our society should be one where opportunities abound for everybody who wants to better themselves and help others along the way.

An interesting point that Mark Holden made regarding Koch’s point of view on criminal justice reform, is that the government spends a staggering $250 billion dollars on the criminal justice system. This includes about $80 billion dollars spend just on incarcerating individuals. The government spends about 3 times less on education than on criminal justice. This is something that has to change urgently Mr. Koch believes.

We currently have a culture where you are incarcerated for even the minor of offenses. A criminal record can also leave a black mark or stigma on an individual even if the offense was minor, hampering the ability of a person to find a job. This is why Mr. Koch believes that the criminal justice system needs a complete overhaul. Another disturbing aspect of the current criminal justice system is that many poor folks decide to plead guilty to crimes they did not commit, because they lack the means to properly defend themselves against government accusations. The wealthy or well-connected meanwhile have the resources to fight and win against the government and even get decisions overturned.

The MIT educated Koch believes that everybody should have a fair trail and a chance at justice, not based on whether they are rich, poor or well connected. He advocates criminal justice reform, by making prisons focus on rehabilitating individuals, being less harsh on minor offenses including drug possession and giving everyone a fair chance of defending oneself.

Handy Starting to Dominate the House Cleaning Sector

The online startup, Handy.com, which aims to be the Uber of house cleaning and repair services, has just hit a huge benchmark of $1 million in bookings per week. With numbers like this, it’s clear that the market for mobile and online cleaning and repair booking services is taking off at a staggering rate. No doubt this is due in part to an increasing number of consumers becoming more comfortable with the idea of booking services online through their smart phones. That increasing comfort level is certainly justified in the case of Handy, as they have mandatory background checks on both the county and national level, in addition to a thorough on boarding process to ensure their professionals are well screened. As of the time of this writing, only 3% of applications have been accepted, making it a tough workforce to break into. Handy also completely guarantees the work done by their freelance professionals, so if a customer is not happy with the quality of the work completed, or if something is damaged in the process, they will cover the replacement costs and refund the money paid.

Handy.com was founded by Oisin Hanrahan and Umang Dua, who say the new on-demand service economy offers a more convenient and improved model for service professionals and consumers alike. Some cleaners say the new service is like an ATM machine in their pocket, letting them view available work and book times with just the press of a button. The pay rate for the work is very reasonable as well, with the average hourly wage coming to roughly $18 per hour, fluctuating between $15 on the low end and $22 on the high end. Handy offers something unique and rare in the online service sector to their freelancers: a flexible schedule and dependable pay. Using the service, freelancers can decide when and where they want to work, and know just how much money they will earn before they accept a job.

Handy is currently offering other services, such as house repair work and furniture assembly, but house cleaning still remains the biggest draw to customers. Hanrahan has big plans for the business though, and has the objective to build a brand that does not only cleaning, but handles everything involved with taking care of your home. In his own words, “Cleaning is the entry point. It’s this magical thing that happens regularly. People are happy after it and it allows you to build a brand that people trust. Our vision is not to build just a cleaning company, but a brandy that takes cares of your home.”

Stocks Finally Have their First Positive Week

Stocks in the U.S. closed last week Friday on a high note. This is the first time they are positive this year. It has be driven by the oil recovery and the hope for a stimulus package.

S&P 500 closed the week 2% higher than the 1,900 level. The stimulus package announced by the European Central Bank President Mario Draghi, who said they would support the markets.

Oil closed at $32 for its highest rise since January 8th. The energy sector led the way at a gain of 4.3%. It settled at $32.19 a barrel up by $2.66 representing a 9% gain. This is its biggest gain in a day since August last year. At 9.4% up, it was also the highest weekly gain. U.S. oil rigs now total 510 falling by five.

Dow Jones industrial average closed some 210 points above 16,000, though it had earlier gained over 250 points. Apple made a high gain of 5.3% ahead of its next week earnings report. This is on the back of the iPhone 7 launch expected in September. The highest fall was from American Express whose fall was 12.1%. The strong dollar harming its overall result. It plans to cut its costs by a whopping $1 billion by end of next year.

Nasdaq composite closed at more than 2.5% being the best performer among the U.S. averages. The IBB (iShares Nasdaq Biotechnology ETF) gained 3.3% to end up 1.35% for the week.

Against the major currencies, the U.S. dollar held by close to 0.5% and the euro below $1.08. The yen was 118.82 yen against the dollar. Hopes that Bank of Japan will announce more easing, boosted Asian stocts. The Nikkei 225 rising by 5.88% and the Shanghai composite closing at 1.25%. STOXX Europe 600 rose 3% and the German DAX closed at 2% higher.

According to the head of global equity trading at Highland Capital Management (HCM), Joe Sowin, the weeks rally was largely due to short covering. He noted that the beaten down stocks like energy and materials which hit there lows on Wednesday have now led most of the recovery. The President of Highland Capital Management James “Jim” Dondero who is also the co-founder has led the firm in focusing on high-yield and distressed investing. Jim has over 30 years of experience in the credit and equity markets.

Since its humble beginnings in 1993, HCM has now grown to be a pioneer in developing credit oriented solutions for institutional and retail investors around the world. Its product offerings include institutional separate accounts, Collateralized Loan Obligation (CLOs), hedge funds, private equity funds, mutual funds, REITs, and ETFs. Jim is a Certified Management Accountant (CMA), and a Chartered Financial Analyst (CFA). Follow Jim on Facebook and Twitter.

Go Fund Relief: A Campaign for Nepal

In 2015, Nepal was struck by two earthquakes in consecutive months, April and May. The tragedy resulted in numerous deaths, and victims left without homes, food, or hope. Many have promised aide and started efforts to raise money to assist the people of Nepal who are still feeling the after effects of these natural disasters. One such campaign is the Go Fund Me organized by Chicago real estate investor Majeed Ekbal.
With over 15 years experience developing global marketing campaigns and initiatives, Majeed Ekbal is using his expertise to help his friends in Nepal and provide relief to the country. He studied at American University and went on to work in high level positions and as a consultant for various companies. In 2012, he was listed on LinkedIn, the social media website for professionals, as being in the top 5% of most viewed profiles, giving him the title of Influencer. And Ekbal is certainly that.

Source: New Story Just Out: Indian Capital Suspends Odd-Even Car Experiment To Curb Pollution

Since 2011, Majeed Ekbal has also devoted his time and efforts to humanitarian efforts. Among his projects are helping women and children have access to education and empowerment. He fights child slavery and abuse around the world, and has now added the Nepal earthquake relief to his docket.
The goal of Ekbal’s Go Fund Me is to raise $1 million dollars. These funds will be transferred to another campaign that has already begun, known as the #MillionDollarChallenge. Organized by the Little Sisters Find, the founder hopes that, upon reaching their goal, the U.S. Government will match or exceed this donation amount. All proceeds will go towards medical and disaster relief for the victims.

http://majeedekbal.tumblr.com/post/137617486289/new-tumblr-post-new-tumblr-post

Majeed Ekbal’s Go Fund Me is an extra push to ensure that all victims of the Nepal earthquakes will be provided the necessary funds to rebuild their lives and survive. With his work as a business mogul and humanitarian helping him, Ekbal will do whatever it takes to see his campaign is a success.