Thu, Aug 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Bank debt pioneer Mark Okada, of Highland Capital Management, sees significant opportunities in 2013

Wednesday, February 06, 2013

amb
Mark Okada
Bailey McCann, Opalesque New York:

In 1993, few players were in the bank debt space. Bank loans were largely traded between banks, at a low volume, and for the whole loan from start to finish. Now, as bank debt has grown as an investment to over $1tn dollars, Mark Okada, one of the pioneers of bank debt as an alternative asset class, talks about how he grew his firm, Highland Capital Management to approximately $19bn by focusing on the space early.

"We had this vision to turn the bank loan space into a true fixed income alternative asset class. So that’s kind of how we started the firm, as far as having a shingle, something that was unique, was the focus on bank debt," he says in a recent interview with Opalesque TV.

When Okada and his partner, James Dondero, started the firm, they were merely working with a parent company for their salaries. Now, the Dallas-based company employs 140 people and maintains offices in Brazil, Korea, London, New York, and Singapore. Okada owes this growth to maintaining alignment of interest with the investors, and staying focused on what the team is best at.

"We don’t do anything just because we are getting fees, or that’s where money is flowing, or that’s a hot idea, the only thing that we do as a firm is where we like the arbitrage and we think we can add value with our platform and our arbitrage. We may see arbitrage th......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  3. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  4. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius