The Achieving Hero James Dondero

Investment banking entails assisting individuals, government and
corporations to raise financial capital by underwriting or issuing
securities or both. Unlike in commercial banking there is no deposit
taking in these kinds of banks. Investment banks are involved with
market making, equity security and stock analysis. They trade
securities for cash or for other securities. Roles in these banks are
divided into 3 categories.
a) Front office- It is involved in generation of revenue. They provide
advice to institutions like life insurance companies, hedge funds,
mutual funds, equity funds and unit trusts. These institutions are
advised on fund raising strategies and mergers and acquisition which
at times may involve negotiating with a merger target. This category
also takes care of markets through sales, trading and research.
b) Middle office- It deals with risk management, it analyzes and
evaluates the risks taken in the front office.
c) Back Office – They deal with operation roles that involve transfers
and ensuring that no errors are made.
Investment banking also advises in private wealth management and
public funds. Other departments involved include legal and management
control, information risk management among others. One such firm
dealing with investment is Highland Capital Management (HCM). The firm
develops credit oriented solutions for investors across the globe. The
investment management firm was started in 1993 and it has seen the
development of Collateral Loan Obligation (CLO) market. Its products
include hedge funds, private equity funds, REITS and ETFS. Its clients
include foundations, governments, corporations, public pension plans,
endowments, financial institution, and individuals. It has over $18
billion of assets under management. HCM’s headquarter is based in
Dallas, Texas and has other offices in New York, Singapore and Seoul.
James Dondero is the man behind the success of HCM as he is a co-
founder and the president of the firm. He is the one in charge of the
firm’s strategic investments and operational initiatives. He formerly
worked as a Chief Investment Officer, portfolio manager, Corporate
Bond Analyst in companies like American Express. Being a Certified
Management Accountant and a Chartered Financial Analyst, not
forgetting his 30 years experience in credit and equity market,
Dondero has all it takes to manage any investment bank or institution.
This has seen him becoming a board member in institutions like
American Banknote and Metro-Goldwyn-Mayer studios. He is the chairman
of NexBank, CCS Medical, and Cornerstone Health-care. He is also a
philanthropist who supports education initiatives and public policy.
It is clear that investment banking has come a long way. As early as
1897, the investment banking was doing great and the leaders in the
market included the National City Bank and J.P Morgan. With financial
crisis in some years and with different legislations in banking, the
investment banking continues to grow and develop and has become
popular in recent years.

Citadel LLC, A Global Financial Institution

Citadel, LCC has built a reputation for delivering strong performance for their clients and investors. It always seeks new strategies to capitalize on opportunities in the marketplace. For example, Citadel earned huge recognition from the financial industry’s major observers like the Absolute Return Award in 2013 and in 2012 HFM Awards. In fact, by 2015, the company has delivered more than $26 billion in high risk-adjusted returns for clients.
What is a High-Adjusted Return?
Citadel, LCC has a reputation of delivering the best high-adjusted risks returns. Many people not familiar with this type of investment may not be familiar with the term or understand the gravity of the investment. A high-adjusted risks return is a concept measures the value of the investment by how much risk was involved in producing the return investment. The concept is expressed in a rating or number. This type of return can be applied to investment funds, portfolio and individual securities.
For two decades Citadel has been the trust, go-to company for this type of investments. This didn’t just happen overnight, but over time. Starting in 1987, the Citadel began a new generation of funds. By 2000, it setting the bar in the industry for high-risk transactions. Just eight short years, the company began a new phase of investing. It began restoring growth and advocating change. A goal that Citadel continues to follow today.
Wellington Financial Group
Once named Wellington Financial Group, initially the company focused on convertible bond arbitrage. However, the company’s performance began to excel and rapidly diversify as it entered into more world markets. In 1994, the company officially changed its name to Citadel, LLC.
Citadel was born from the Entrepreneurship Spirit
In 1987, Kenneth Griffin of businessinsider was sitting in his dorm room with a fax machine, $265,000 in capital and a fax machine. His goals were modest, but ambitious. However, he raised about $1 million dollars in a short amount of time. In fact, he caught the attention of hedge-fund pioneer Frank Meyer. Meyer, who was the co-founder of Glenwood Partners. With his help and Griffin’s performance, he used the opportunity to establish the Willington Financial Group, which is now Citadel, LLC.
Griffin graduated from Harvard University with a four-year degree. . He’s used his wealth to support many educational causes to help community improvement. In fact, he serves as a Board of Director on the Chicago Public education Fund.
Citadel, LLC was started in a dorm room with planning and hard work. Now it’s the leading alternative asset manager, solution provider for investment management technology and leading liquidity provider in the industry.

Highland Capital Management: The Best Investment Firm in Dallas, TX

Highland Capital Management is among the largest and highly experienced fund managers that are instrumental in offering investment solutions for more than 20 years. The company has been investing across a wide range asset classes within the alternative investment like hedge funds, special situations private equity and separate accounts. Also, the company offers CLOs, ETFs and mutual funds. Highland Capital Management is committed and dedicated to offering inexpensive alternative strategies through our unique platform that is tailor-made and designed to fit to the needs of our clients.

The company has a wide range of products to cover a large network of clients like endowments, pension plans, financial institutions, corporate, government, foundations as well as high net-worth persons. The headquarters of our company is in Dallas, TX with other offices in NY, Sao Paulo, Singapore and Seoul. The company has been focusing on producing consistent results that are above average and also maintaining integrity around capital reserves while focusing on the best return in our portfolios.

The company’s goal is to focus on strategies and asset classes where our presence would add significant value to the entrepreneur by offering access to a certain class of asset or unique expert advice on investment process. The company has updated investment process that depends on our ability to conduct proactive due diligence, fundamental analysis and monitoring trading capabilities. Our team comprises of industry focused professionals with an average experience of about 11 years in this field. The professionals normally review current investments, analyze opportunities on investors’ capital structures and monitor trends within industries.

Highland Capital Management was founded in 1993 by Jim Dondero and Mark Okada. Mr. Dondero is the president of this company and resides in Dallas, TX. He has more than 30 years of experience covering equity and credit markets focusing more on distressed investment and high yield. Highland Capital pioneered development of Collateralized Loan Obligation as well as credit oriented solutions for investors across the world. Mr. Dondero is also the chairman of Cornerstone Healthcare, Nexbank and CCS Medical.

Highland Capital Management has several alternative equity strategies that are aimed to deliver returns similar to equity over an entire market trend. The company is recognized for offering disciplined and balanced approach towards investment hence allowing our company to have consistent and strong performance across different market situations.

The central objective of our company is to offer risk management on our alternative equity strategies. Our Portfolio Managers allocates capital to different risks areas like high, medium or low depending on market environments and according to macroeconomic data. Investors should consult Highland Capital Management when planning to start their investment projects in order to be advised accordingly. Our professionals will offer investment opportunities based on the needs of the clients.

Passing the investment banking torch

Suffice it to say that from it’s beginnings investment banking has evolved a great deal, even while remaining rooted in the core fundamentals of it’s founding principles. From the start investment banking has involved institutions assisting individuals in raising capital through underwriting/acting on behalf of it’s client in the issuance of securities. These duties may also include assisting companies with mergers and acquisitions while also providing support services in the trading of various securities. Primarily these services would involve: corporate finance, M&A, equity research, sales and trade, and asset management.

Prior to the Great Depression enjoyed a prolonged bull market with JP Morgan and National City Bank leading the way, stepping in only when needed kepp and influence the system. J.P. Morgan himself is personally credited with saving the nation from financial catastrophe in 1907. But a glutton of over market speculation (specifically those banks using Federal Reserve loans to boost the market) resulted in the crash of 1929-and kickstarted the Great Depression.

In 1933 the Glass-Steagall Act was enacted to build a wall between commercial and investment banking, hoping to instill separation among investment bankers and brokerage services-purportedly to avoid conflicts of interest from the desire to gain new investment business and provide fair brokerage services. These regulations became known as the Chinese Wall.

Fast-forward to the 1975 repeal of negotiated rates, trading commissions bombed out and trading profits declined. Research based shops-called boutiques- were pushed out and a new trend developed. A trend to provide sales, trading, research, and investment banking under a single roof referred to as the integrated investment bank.

Come the 1980’s investment banks rid themselves of their dull, conventional image to sport a powerful and vibrant new one, enhanced by a burst of monster deals during a time of ultra-prosperity.

By the end of the 1990’s a pervading perception of investment bankers would flourish from the IPO boom raging in the internet sector, and in 1999 the prohibitions under the Glass-Steagall Act would be repealed with the passing of the Gramm-Leach-Bliley Act, allowing for the mixing of banking with securities or insurance businesses.

But now with the collapse in 2008 of, most notably, the sub-prime mortgage market; speculatively driven due to poor underwriting, complex financial triggers, and government regulations, would result in the growing need for new and better institutions. Institutions like Highland Capital Management (HCM) Fund Advisors.

Evolving from joint ventures in the 1990’s by co-founders James Dondero and Mark Okada HCM has been pioneering the development of the Collateralized Loan Obligation(CLO) market and prioritizing credit oriented solutions for institution and retail investors worldwide. Today Jim and Mark’s leadership is helping propel HCM and it’s clients forward with certainty in an uncertain world.

Brian Bonar A Master of Modern Business Finance

Finance is part of the science of money management. It is focused on dealing with the balancing of assets and liabilities. It also covers the purchasing power and value of money and how it varies over time. People involved in finance attempt to attach a price to assets based on the return they are expected to generate and their level of risk. Finance is generally broken into three categories. They are personal finance, corporate finance, and public finance. Proper financial management is essential to ensure people, businesses, and governments have enough money to take care of their responsibilities.

Finance can be related to something as simple as a household budget or as complex as the anticipated budget of an entire country. It can also impact the investments of millions of people. Personal finance deals with being able to manage one’s money while being mindful of the potential for unforeseen events in your personal life as well as the wider economy. It also includes inheritance and bequests, the impact of tax policy, the use of credit, the creation of a savings plan, and making a plan for investments and a secure financial future based on the management of one’s income.

On a larger scale, the financial position of a business, institution, or government involves the use of complex algorithms to manage billion dollar budgets and anticipate major economic trends and changes. It requires adequate protections be built in to weather any unforeseen economic upheaval. These entities also have accumulation goals and investments they must handle. Unlike the average household, these entities require the services of specially trained financial experts. They include accountants, financial analysts, money managers, strategic planners, and economists.

Brian Bonar is an expert in finance. He has used his prodigious talent to help many companies to succeed. Bonar attended Strathclyde University, in Glasgow Scotland where he earned a BSC in mechanical engineering. He then studied International Business Development at Stafford University in England. There he completed an MBA and a PhD. Then he embarked on an amazing business career that saw him help companies on both sides of the Atlantic Ocean to long-term success. He began his career with IBM in Europe, and went on to work with numerous companies in management positions.

Some of the companies that benefited from the work of Brian Bonar include The Amanda Company, Inc. where he was Chairman of the Board, Acting CEO and CFO. He was also with Warning Management Services Inc. where he served as Chairman and Secretary, and the Trucept, Inc. where Bonar has been Chairman, CEO, President, CFO, Treasurer, Secretary, and Principal Accounting Officer. He also worked with Smart-Tek Automated Services, Inc. as CEO and board of directors member.

Brian Bonar was written about by PRNewsWire.

Christian Broda Is A Good Example Of A Hard Worker

Economists have to be smart in order for people to trust them and believe what they have to say. And, in order for them to be smart, they need to put in a lot of years of schooling and training. Economists are ambitious people who are not willing to let anything get in the way of what they are doing. They are people who have a dream of doing something big with their lives, and who go after it with everything that they have. It takes a lot to be a good economist, and when people see one who is succeeding at the things that he or she is doing, then they can know that that person has given their career their all.
One person who has given their career in economics their all is Christian Broda. He isn’t one to just sit back and relax while others are working, and he has proved that through his years of schooling and training. He is now a respected economist, and he has gotten to be in that position because of his dedication to the field. He could have given up when things got tough, but instead he stuck with it. He is having a great career because of all of the days and hours that he spent preparing himself for this time in his life.
To get to be anywhere in the field of economics one has to be very ambitious. But to get to be a great economist one has to be even more ambitious. One has to dedicate their whole life to the field and the work that they will be doing.
Economists are smart people, but they do not get to be smart overnight. They have to do all the work that they can do to get to the place that they are at. Economists need to be willing to dedicate their life to the work that they are doing in order for them to get to be the top in their field. They need to be willing to make some sacrifices, and they need to do all that they can and learn all that they can about economics.

Ken Griffin Is Optimistic About China Markets Despite The Recent Imbalance

Ken Griffin on wallstreetjournal is back in dominating the hedge-fund world again. Apart from restructuring Citadel from its catastrophe era and off its peak, he is diversifying the hedge -fund into other areas. The American hedge fund manager, as well as the CEO and founder of Citadel, has been out for some interviews as he prepares to celebrate Citadel’s 25th anniversary later amidst this year. Despite being a billionaire, Ken still strives each and every day to work harder in the hedge fund. His principle motivation is not to make another dollar for the sake of it as most people may perceive, but rather sees it as a golden opportunity to establish himself.

Despite the latest market imbalance in China, Citadel is still optimistic that they are going to establish a prosperous venture in the next ten years. China’s government is adept in dealing with compelling issues despite this era being the first time the country has experienced an uncountable loss in wealth in a short period. Being the first incident China has been involved with as a regime, it is justifiable as to why the country overreacted.

The company recently employed a new strategy as compared to the one used a couple of years back. An expert with a machine learning background from Amazon.com was hired to eliminate some of the problems including routing calls from its center. Since Amazon deals with customers’ everyday and is able to route calls rapidly and efficiently to upgrade their customer service, the same logic could be implemented in the financial markets.

Citadel’s primary objective is to create wealth for shareholders at the right time as well as during the tough times as compared to other companies who shy off from being recognized as hedge-funds.

Ken is one of those notable people who prefer to maintain a low profile and doesn’t see the need to be on the front page of media reports. On his political bestowing, Ken acknowledges every effort and forfeit our historical politicians have made in this country. He also admits to being a die hard fan of politics since his participation counts as a citizen. In the political arena, he is neither categorized as a loyal Democrat or a zealot Republican. Since the noticeable differences between the two parties are precise, all it needs is a mayor who can scrutinize a ledger such as Democrat Rahm Emanuel who Ken considers for mayor of Chicago. He, however, has millions in store that can help back up Republican Bruce Rauner for governor of Illinois come 2016 elections.

As for the 2016 presidential race, Ken states it clearly that the idea of political family dynasties doesn’t work for him, so the country doesn’t need another Bush or Clinton. Walker is one of his favorite due to his rooted interest in Wisconsin and is anticipating how he can perform on the national platform. Rubio, on the other hand, has an irresistible message, and he is from a background that gives him a glimpse of the problems encountered by the middle class. On the other hand, Jeb is considered to have an impressive outlook.

For the original article, visit http://blogs.wsj.com/moneybeat/2015/08/04/qa-citadels-ken-griffin-in-conversation/

Christian Broda: An Excellent Economist in a So-So Economy

There is no way to tiptoe around the harsh economic climate we are undeniably living in today. People who are all too familiar with the world of investment banking and monetary trends are even finding it difficult to appropriately direct their clients. Today’s world of money and investing is making nearly every economists job a difficult one. And while the great majority of economists are predicting downward trends in the next coming months and even years it is thanks to economists such as these that investors and other individuals alike even have a chance at saving their hard earned money.
The world of studying the economy is a difficult one, economists have absolutely no control over what they are going to find as they analyze data and complete their research. Yet, all though they may find troubling statistics that produce even more troubling forecasts – it is these forecasts that work to ultimately alleviate the devastation that could come from an economic crisis. Christian Broda’s world is forecasting economic trends and researching various topics such as energy costs, rent prices, and real estate – he is an economist and one of the best there is.
Broda is the managing director at Duquesne Capital Management amongst many other things. Prior to holding this position he was a professor of economics at the prestigious University of Chicago. He works and research on economics has been featured in several industry leading publications such as the American Economic Review. Additionally, he has held major roles within Columbia University and with the Federal Reserve Bank of New York. To say he is well versed in the world of economics is to put it lightly. His research and opinions are so well respected and sought after that we was awarded two National Science Foundation grants in order to fund his ongoing research.
Over the years the National Bureau of Economic Research and the Journal of International Economics along with many other well-respected publications have published Christian Broda’s studies. Broda has made it his life’s work to accurately study and research the world’s economy in order to best assist and prepare individuals, whether they are his clients or not. While he is the managing director of Duquesne Capital Management, his articles and research may be found all over indicating the importance he places on the information he has found as well as his desire to share the information with others.

The Diversified Profession of Economics

For most people, the only experience they have in knowing what an economist does is watching them on a television news segment talking about the stock market, the business environment or some other aspect of the U.S. and international economy. Some people may have even taken an economics class in high school or college. The primary role of an economist is to analyze business trends and how these trends affect the overall U.S. economy and how politicians react to these trends through economic legislation. Part of their analysis is studying the production and distribution of resources, goods and services.

Economists are primarily researchers and advisors but many also run private sector businesses and governmental organizations. They study how economic policies affect certain industries like finance, labor, agriculture and real estate. Many work as advisors for business and securities firms, insurance companies, banks, trade associations and labor unions. Economists who work for the government typically study how local, state and federal economic policies affect economic conditions for individual families and businesses. They focus on areas such as urban economies, transportation, utilities, labor and international trade.

There are many fields of study in economics but they all fall into two main categories. Macroeconomics is the study of the economy as a whole, both national and international. Economists in this category will study subjects such federal taxation and regulation, commerce and trade. Microeconomics is the study of individual industries such as agriculture, real estate and aerospace and the companies within these industries. Economists may specialize in one category but it is not uncommon for economists to work in both.

One economist in particular is Dr. Christian Broda. Originally from Argentina, Dr. Broda has a PhD from the Massachusetts Institute of Technology (MIT) and is currently the managing director for the hedge fund Duquesne Capital Management LLC. He was a professor of economics at the University of Chicago where he focused on macroeconomic issues dealing with international trade and finance. He also worked for Lehman Brothers, Barclays Capital, Columbia University, and the Federal Reserve Bank of New York. He has written numerous articles that have been featured in publications such as the American Economic Review, the Quarterly Journal of Economics and The Economist. Titles of his articles include “China and Cheap Imports: Champions of Equality,” “Deflation in Japan: Worse than You Think,” and “Terms of Trade and Exchange Rate Regimes in Developing Countries.”

Dr. Broda’s career show that an economist can be in a diversified profession. Due to their education and training, economists have the ability to work in academia, private sector businesses, government agencies and journalism. Many work in two or more industries simultaneously. Economists often disagree with each other on how to improve the economy but they do play a vital role in articulating what is happening with national and international economic issues and policies.

Can MN Urban Areas Learn From Boraie Development and Newark?

There are numerous signs that New Jersey real estate is once again in demand. One of the biggest lagging sectors, warehouse space, has seen high demand in recent months. When the industrial real estate market heats up, that’s a good sign that commercial and residential markets are also doing well. 

Vacancy rates have been falling through the state. With that, rental prices are once again on the rebound. Reinforcing the concept that things are going well, new builds are quickly being purchased. The city of Newark is showing signs of firming up in its real estate market. This is something that experts in the area have been pushing for for years. 

According to an article by NJ Biz, Newark is doing what a panel of experts hoped it would. The city now has simultaneous construction projects going on that are creating new residential options and a draw for a central market. The city in the past had counted on a few large projects to spur development, which turned out to be a poor strategy.

Wasseem Boraie, Boraie Development VP, attended the meeting and said he took note of the five to ten major first-tier projects that are in the pipeline. These projects, when completed, will deliver thousands of desperately needed housing units. Boraie Development has been active in Newark real estate for years. They commented that they never saw this much synergy in the area. Boraie Development said that the large choice of residential projects is going to attract people in a way that a single project couldn’t hope to do.

Boraie Development is active in several areas of Newark real estate development. That includes several projects they’ve embarked on with local hero Shaquille O’Neal. The team at Boraie is focused on downtown urban projects in New Jersey. They are being careful not to lose that focus by trying to jump from one sector to the next. New Jersey is seeing a lot of action in the urban redevelopment arena and Newark is no exception. People want to live near city centers, especially if they can find suitable housing. They’re willing to pay premium rents for brand new, state of the art buildings that have numerous amenities. The thousands of rental units that are being built now are expected to sell out quickly. If they do, it seems likely that more projects will be announced to capitalize on the demand.