The U.S. stocks were reported to have closed on a high last Friday making it the positive week amongst the four weeks. This is largely due to the oil recovering from the lows that have affected it for quite some time as well as the hope of getting stimulus overseas. Energy gained 4.3% thereby leading all the other sectors. Oil shot to the $32 mark, the highest it has ever been at since the 8th of January.
A large number of professionals involved with the world markets attributed the sudden improvement of the stocks from the rising oil prices. Oil has stopped falling as well as coming up a bit. This has seen the equity investors getting confident in dipping their hands into the stocks market once again. At Highland Capital Management, the head of global equity trading, Joe Sowin views the rally behind the positive week to short covering. The stocks had already hit their lows by Wednesday and the beaten-down sectors like energy as well as materials contributed significantly to the recovery. For a more detailed read click here
James Dondero is the co-founder as well as the president of Highland Capital Management
. He has gathered over 30 years experience
in the field of credit markets and he is entrusted with acting as an overseer of the investment strategies employed by Highland Capital Management. He chairs the Nexbank Capital
Inc Board of Directors. Highland Capital Management is among the global alternative credit management firms that are the biggest and most experienced. Jim and his partner
and co-founder, Mark Owada are involved in the management of an assets base estimated at $21 billion. He is also held highly due to his contribution as a pioneer towards the CLOs (Collaterized Loan Obligation) establishment. Back in 1996, he was also involved in the non-banks CLOs establishment.
has also offered his services in various Boards of Directors like the MGM studios and the American Banknote Corporation. He has also been the Chairman of the Board of Directors
at the Cornerstone Healthcare as well as the CCS Medical. He is an alumni of the University of Virginia where he earned his first degree in which he had concentrated on Finance and Accounting. In addition to this, he is a designations holder of the following; CFA, CMA and CPA.
This article recapped http://www.bloomberg.com/news/articles/2016-01-31/pboc-effort-to-squeeze-bets-against-yuan-undermined-by-stimulus