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Business

Surprising Highland Capital Management’s Q3

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On 3 February 2016, James Dondero’s Highland Capital Management released it Q3 (third quarterly) financial report. Their overall hedge fund portfolio suffered a reduction to $3.42 billion from its previous quarter at $4.91billion. This simultaneously affected their allocations to various sectors that fall under the hedge fund portfolio. The reductions are as follows: Healthcare at 20%, Information technology and finance at 18% each, energy at 12% and lastly, consumer discretionary at 10%. These sectors have allocations, which are below the previous quarter.

Additionally, the company sold out its stock in Spdr Series Trust, Nexpoint Cr Strategies Fd, Mckesson Corp, Envision Healthcare Holdings, and Laboratory Corp Amer Holdings. However, it is unclear what the reasons for the sale of their stocks were.
However, it the company did not suffer losses only with their reduced portfolio. Between the Q2 and Q3, the company made purchases to several companies, therefore increasing their assets. These companies include Spdr S&P 500 (1.96%), Amazon Com Inc (0.68%), Eagle Pharmaceutical Inc (0.52%), Danaher Corp Del (0.5%) and Intra cellular Therapies Inc (0.46%).

James Dondero, commonly known as Jim, is the co-founder of the Highland Capital Management. He started the company in 1993 and has continuously led the company. Jim started out as a Certified Financial Analyst before starting the company. He majored in Accounts and Finance in the University of Virginia and graduated with the highest honors. Initially, he worked for American Express as a Portfolio Manager. Moreover, he worked on GIC subsidiary as a CFA analyst. With the experience, Jim Dondero is a designated user of the CFA title.

Moreover, James Dondero is one of the pioneers to use Collateralized Loan Obligation. He also is a member of the Board of Directors at American Banknote and MGM. James Dondero is importantly the chairperson of the Board at NexBank and CCS Medical Corporation.
Apart from working like a CFA analyst at Highland Capital Management, he is also a philanthropist. He gives back to the society by supporting veteran affairs, public policy and education. His works have influenced many people especially the young, and he continues to do so.

References
Octafinance,. “HIGHLAND CAPITAL MANAGEMENT Top 10 Holdings In Q3 2015 – Octafinance”. N.p., 2016. Web. 16 Feb. 2016. via http://www.octafinance.com/highland-capital-management-top-10-holdings-in-q3-2015/352793/

Fashion/Women in Business

Doe Deere: Beauty Boffin

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These days, more and more people are raging against the machine by developing an unconventional aesthetic appeal that gives them a distinct identity while demonstrating the presence of a divergent ideology. One individual who has adopted this approach to the beauty world is Doe Deere. As a beauty boffin whose deepest passion is exploring how cosmetics and clothes can be appropriated to give an individual a distinct appearance, Doe Deere is all about breaking rules that pertain to fashion and clothing. Here are just a few of the rules she likes to break:

1. Don’t Mix And Match Too Many Colors.

Many fashion experts say utilizing too many colors with one outfit is over the top. Doe Deere begs to differ. She loves putting together a wide range of colors for the purpose of developing an iconoclastic, original aesthetic that shows the world how distinct and different the aesthetic realm can really be.

2. Dress Your Age.

Doe Deere kissed this rule goodbye a long time ago. She believes that anyone can wear anything, even clothes that are deemed indigenous to a specific age group. One of Deere’s biggest icons is Betty Johnson, and she loves how the fashion expert still wears tutus now that she has reached her 70s.

3. You Can Only Wear Clothes That Are Appropriate For The Occasion.

Deere disregards this rule. She loves wearing dressy clothes to casual events. She believes that clothing items can be enjoyed at any time, meaning that they don’t have to be reserved for special events.

More On Doe Deere

As an individual who has been in love with the world of fashion and beauty since youth, Doe Deere’s passion for these realms remains strong.

These days, Deere is pleased to have turned her passion for fashion into a business. Called Lime Crime, the business is all about providing people with top notch cosmetics which enable them to create a unique look that sets them apart.

Business

Security is Tightening Up at Wall Street

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In one of the most intense work environments throughout the country, Wall Street is starting a new trend by tightening up security with giving more liability to compliance officers with illegal activity by traders. In light of recent scandals where compliance officers were found to be responsible for some critical mistakes, the SEC administration along with New York State governor Andrew Cuomo wants to be able to charge compliance officers for mistakes that occur on their own watch.

Compliance officers in general feel that this is unfair as they feel singled out for being responsible for mistakes that are not always controllable on their part. Many large banks and corporations have hired compliance officers to avoid massive fines. However, many compliance officers will argue that getting banks to adapt to a legal process is cumbersome and a long term adjustment. However, there is concern that companies who hire compliance officers are providing them high salaries to act as independent as possible and to limit communication they have with the chief officers of companies to limit knowledge of such violations.

The corruption in company compliance was well addressed from 1999 to 2007 when Morrison was a regional SEC director that headed securities enforcement, as well as litigation and regulatory issues. Helane Morrison pointed out that some companies were practically buying real estate from themselves that were creating false profits, while other companies were found to not have a substantial amount of their own employees actively engaged with insider trading. (quotehd) These are some of the compliance issues that went unnoticed that have led to major fines for some companies, while others got away with illegal schemes.

Morrison, who now works as Managing Director, and Chief Compliance Officer of Hall Capital Partners LLC, has represented the SEC in legal, business, and financial communities, along with numerous government agencies and media outlets. It is through Morrison’s testimony and historical data that the necessity that it is necessary to start holding Compliance officers liable for trading violation in an effort to force these officers to push harder on the companies they monitor to perform business in a legal way.

To read more about Helane’s career and life check out her LinkedIn profile or click on the following link: http://www.projecteve.com/helane-morrison-shattering-glass-ceiling-corporate-world/

Schools/Forbes/Business

Prominent Business Professional Ricardo Guimaraes of BMG Comments on the Forbes List of US Ivy League MBA Programs

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by Ricardo Guimarães

If you’re like many young professionals, it’s hard to know what to do to get that edge you need in the business world. However, even if you don’t have the most captivating personality or a genius understanding of money or technology; you can still achieve great success in business by getting your MBA. In addition, your MBA training is practical training in all aspects of business management including:

-The ethical aspects,
-The functional aspects, and
-The analytical aspects

If you’re interested in the best programs out there, here’s what to expect:

1. Want to attend Stanford Business School? Plan to shell out $126,000 annually; make sure to score at least a 730 on your GMATs; and work hard. Stanford’s graduation rate is only 7%.

2. Want to attend Harvard Business School? Plan to shell out $139,000 annually; make sure to score at least a 730 on your GMATs; and work hard. Harvard’s graduation rate is only 12%.

3. Want to attend The Booth School of Business? Plan to shell out $128,000 annually; make sure to score at least a 730 on your GMATs; and work hard. Booth’s graduation rate is only 24%.

4. Want to attend The Warton School of Business? Plan to shell out $137,000 annually; make sure to score at least a 728 on your GMATs; and work hard. Warton’s graduation rate is only 20%.

5. Want to attend The Haas School of Business? Plan to shell out $110,000 annually; make sure to score at least a 720 on your GMATs; and work hard. Haas’ graduation rate is only 20%.

6. Want to attend The Tuck School of Business? Plan to shell out $139,000 annually; make sure to score at least a 730 on your GMATs; and work hard. Tuck’s graduation rate is only 12%.

7. Want to attend The Yale School of Management? Plan to shell out $124,000 annually; make sure to score at least a 720 on your GMATs; and work hard. Yale’s graduation rate is only 24%.

8. Want to The Kellogg School of Management? Plan to shell out $127,000 annually and make sure to score at least a 720 on your GMATs. School officials don’t list graduation rates for Kellogg.

9. Want to attend Columbia Business School? Plan to shell out $136,000 annually; make sure to score at least a 716 on your GMATs; and work hard. Columbia’s graduation rate is only 18%.

10. Want to attend The Leonard N. Stern School of Business? Plan to shell out $131,000 annually; make sure to score at least a 710 on your GMATs; and work hard. Leonard N. Stern’s graduation rate is only 10.8%.