On August 9th, 2016 Highland Capital (formerly known as Pyxis Capital), Strand and James Dondero reported to the SEC that it had purchased 23,568,047 shares of Common Stock in IP management firm Pendrell (NASDAQ:PCO) giving the fund and James Dondero a 11 pct passive stack in the firm. Pendrell recently licensed memory software to Toshiba. Other recent reports to the SEC include the increase of ownership in Relypsa, a biopharmaceutical company and interest in Nexpoint Residential Trust Inc. to a 16.9% stake.
Pendrell’s headquarters are in Kirkland, Washington and the firm licenses unique technologies which are protected by intellectual rights. It was founded as ICO Global Communications in 1995 and renamed to Pendrell in 2011.
James Dondero co-founded the Highland Fund, the retail arm of Highland Capital Management LP, with Mark Okada in 1993. Headquartered in Dallas, Texas, Highland Capital Management also maintains global offices across three continents.
Prior to acting as President of Highland Capital Management (HCM), Dondero worked for American Express as a Corporate Bond Analyst and later as a Portfolio Manager. He graduated from the University of Virginia and the Mcintire School of Commerce with dual majors in Accounting and Finance. He is a Certified Management Accountant, and enjoys the right to use the Chartered Financial Analyst designation.
To see the original press release on this story, please see: http://www.reuters.com/article/idUSFWN1AQ110