Category Archives: Business Leaders

James Dondero and Highland Capital take Huge Position in Nexpoint Credit Strategies

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Highland Capital Management, a fund that specializes in structured investments, public equity, fixed income and distressed investment funds, just increased its ownership in Nexpoint Credit Strategies Fund (NHF-NYSE). They now own 793,036 shares of the company. This equates to 5% of the outstanding shares. James Dondero, a co-founder and the President of Highland Capital Management owns 3.01 million shares of Nexpoint, 18.8% of the company’s stock.

 

Highland and Dondero are the largest stakeholders in the company, next to Morgan Stanley. The company is operated by NexPoint Advisors, an affiliate of Highland Capital. Nexpoint Credit Strategies has beaten the S&P 500 and is in the top 10 percent of Closed End Funds. Its objectives are income and capital appreciation. They accomplish this goal by investing in “low grade debt” instruments and equity. They claim to have a way to hedge their risks well. The fund has nearly $382 million in net assets. The Nexpoint Credit fund tries to exceed the average hedge fund return. It was up 5.92% last year.

 

James Dondero has used his 30 years of experience in the investment arena to build Highland Capital into a successful investment company, that specializes in high yield investing and investing in distressed assets. The company offers a number of investment vehicles to its clients, including Collateralized Loan Obligations, mutual funds, hedge funds, real estate investment trusts and more.

 

Dondero is Chairman of Cornerstone Healthcare, as well as a member of the board for American Banknote and MGM Studios. James is a Certified Management Accountant (CMA) as well as a Chartered Financial Analyst (CFA), He is heavily involved in philanthropy in his community and around the world. He has partnered with The Dallas Foundation, to provide support to the local community and to provide an easy way for his company and employees to get involved in charitable giving.

 

Bruce Levenson Continues His Fight Against Insurance Giant AIG

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As the owner of the Atlanta Hawks Bruce Levenson proved he was not a business leader to accept a lack of progression and growth in all aspects of his ownership of the NBA franchise. Levenson oversaw a season by season progression for the franchise that saw the team move from the very bottom of the NBA standings to the number one season in a single decade; the same rules have applied to the battle with insurance giant AIG that has bee ongoing since Levenson’s group sold the Hawks franchise to a group headed by billionaire Tony Ressler.

The insurance payout being claimed by Forbes billionaire Bruce Levenson’s group relates to the termination of the contract of former Hawks General Manager Danny Ferry that will test workplace torts and constructive dismissal rules. Ferry mutually terminated his $18 million six year contract just two days prior to the announced sale of the Hawks franchise by Bruce Levenson’s group with his comments thought by Levenson’s legal team to have activated a workplace insurance policy the Atlanta Hawks Basketball & Entertainment group had in place. The case will be brought at the Fulton County Supreme Court, but the current owners of the Hawks have already stated they have no reason to be involved in the case as it relates to the former owners of the franchise.

Bruce Levenson was one of the most popular and respected owners in the NBA during his decade in the NBA, particularly for the role he played as a part of the Hoop Dreams and Make A Wish foundations. Levenson also joined the NBA Board of Governors to protect the game in the future. The founder of the UCG company is a well known philanthropist in his local area of Maryland and Washington D.C. where his business interests have remained rooted throughout his career.

 

Adam Goldenberg and Don Ressler Reshape the Fashion Industry

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Adam Goldenberg and his close friend Don Ressler are the founders and Co-CEOs of JustFab, an e-commerce fashion company that is very popular. The two friends are set out to ensure that they reshape the fashion industry. They have the ability to spot trends, develop industry leading brands and at the end of the day grow a successful business. They have managed to be successful because they combine their skills, passion, and fun. These features at http://video.cnbc.com/gallery/?video=3000543492 are very rare in the fashion industry because the individuals in the department take life too seriously.

Adam Goldenberg started his first company when he was just fifteen years old. The company was known as Gamers Alliance, and it did well in the market. After three years, it was acquired by Intermix Media. He chose to quit high school to join Intermix Media as the vice president of the strategic plans. By the time he turned twenty years, Adam was doing well in Intermix Media; he was working as the Chief Operating Officer. At that time, he was known to many people as the youngest COO operating in a publicly traded organization in the country.

While working at Intermix Media, Adam Goldenberg met Don Ressler. Ressler was working as a brand building specialist in the region. Goldenberg had just sold his successful company, known as FitnessHeaven.com to Intermix Media. This sale of the company had given the businessman over one billion, and he had also raised over one hundred million from several internet companies.

Read more: JustFab Seeking $50 Million to $100 Million Investment Ahead of Possible IPO

After a year, the two friends started an e-commerce brand incubator platform called Intelligent Beauty. Afterward, they become successful entrepreneurs who established several health brands to the market.

The modern consumers love shopping online, and the two friends thought that it was a good idea to introduce a personalized online experience for the customers. Adam Goldenberg and Don Ressler decided to merge social interaction and edge cutting fashion. The businessmen also decided that they would offer the services at an affordable rate, unlike most of the popular fashion brands in the market.

JustFab was founded on this concept, and it has impressed many consumers in the country. Just several months after its introduction, the fashion brand on latimes.com has done so well, and it has acquired many subscribers from all parts of the country. The fashion brand is fun, engaging and highly social, and this attracts more clients.

The Three Benefits of Investment Banking

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When it comes to investment banking, it is better than other methods if financial growth. Even startups and larger companies use them to assist them in transactions. If you are looking to increase your financial health, here is why you should consider seeking an investment advisor today.

Investment banking brings three primary benefits to the table. Firstly, you get more security. This means that the actual infrastructure and IT is more stable for you. They have more resources to select the best equipment, software, connection, and employees to innovate and manage it. This ensures that your data, such as communications, transfers, secret files, and holdings, are incredibly secure. They also have the information and research departments to analyze the data and predict when the market is going into a downturn. This protects your wealth from being destroyed by a political upheaval or more in today’s unstable world.

Then there is the issue of actually growing your funds, which is why you seek out investment bankers. They can get you into the markets at amazing positions not available to other small banks and brokerage firms. That way, you don’t waste any time and you start making more money sooner. With the extra income you have, you’ll be able to buy more of the things that you want and need.

Thirdly, investment banking allows you to have more options to explore. When you simply go with one investment, you are stuck in that vehicle. But an investment bank obviously specializes in making you the most amount of money with the most options, so you can have all the data you need to make an excellent decision. That’s the way investing should be.

Martin Lustgarten is an example of an excellent investment advisor. He is trained and has experience in the field of investment banking for years now. Based in Florida, he is actually from Austria and also holds citizenship in Venezuela.

He believes in reducing risk and making his clients the most amount of money possible in the shortest time frame. That’s why he utilizes international investment vehicles for himself and others. He is well known for having an eye for the markets.

Bruce Levenson

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Forbes billionaire Bruce Levenson has recently been involved in a lawsuit involving Danny Ferry. Bruce Levenson was one of the controlling partners of the business that owned the Atlanta Hawks franchise. During that time, Danny Ferry was the general manager of the team. Lawsuits this large take a long time to complete, and Bruce Levenson really just wants to get on with his life. During his time with the Hawks, Bruce Levenson did a lot of great things for the city. At one time, the Hawks were thinking about moving to another city. However, Bruce Levenson was able to turn the team around and now they have a lot of fan support.

Bruce Levenson

One of the things that make Bruce Levenson is his willingness to invest in other people. When he was with the Hawks, he decided to make the team great again. However, he did not start with getting the most talented players. Instead, he focused on involving the fans more at the games. This led to an increase in fan support and sales. With the extra money, he was then able to go out and get the best players possible. Over the long term, this proved to be a winning strategy for him. Bruce Levenson is a great example to other NBA owners who are struggling to turn around their team.

Giving Back

Another thing that sets UCG founder Bruce Levenson apart from other owners is his willingness to give back to others. He has been involved in a lot of local charities that invest in the community. This is something that Bruce Levenson has always been passionate about. If you want to invest in others, you have to be willing to work hard in doing so. Bruce Levenson has done a lot of good work for Atlanta, and he will continue to do so in the future.

Source: https://en.wikipedia.org/wiki/Bruce_Levenson

 

AirBnB is a raw deal for homeowners

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Everyone loves to travel, but finding a nice and affordable hotel room is incredibly difficult. In major cities, there is a huge hotel room shortage that is keeping people from finding a nice room. Many people have turned to Airbnb to find the room of their dreams. Airbnb is an application in which private homeowners rent all or part of their house to people that are looking for a place to stay while traveling. The application is an excellent tool for travelers because they can find an incredible room at a great rate. Many homeowners see the app as a way to bring in some extra money. This sounds like a great idea at first, but people need to be aware of the risks.

Before you rent your home on Airbnb, you should fully consider the risks. Bringing in tenants presents a great deal of risk. When you bring in a guest you are liable for their actions. Any damages, theft, or illegal activities are on you as well as the house guest. This is a great deal risk, and you might feel like your insurance will protect you. Unfortunately, you are in for a major surprise. http://hackronym.com/wealth-solutions-insurance-and-other-considerations-when-renting-on-airbnb/

Most insurance policies do not cover short-term rentals. If something bad happens, then the insurance company will not intervene. You will take a major loss, and your family could lose part of their financial security. Airbnb knows this will happen, so they have started offering secondary insurance. Unfortunately, this secondary insurance is likely to fall extremely short. The coverage is extremely limited and only kicks in once you have exhausted all of your resources.

Airbnb seems like a great way to use an asset to your advantage, but it actually puts your wealth at risk. Those that truly care about growing their wealth should search for Richard Blair Wealth Solutions. Richard Blair is a brilliant investor that knows you can reach your wealth management goals. He operates Wealth Solutions, a company that is committed to helping people reach their wealth goals. Richard Blair wants to fully address your goals, so Wealth Solutions offers several services. If you choose to work with Richard Blair you will get the best possible financial advice. The company will work with you to create realistic financial goals, and they will keep up with them for you. Their service is second to none.

AirBnB seems like a great way to get more money, but it really just puts your wealth at risk. If you want to grow your earnings, then you need to contact Wealth Solutions.

Learn more: http://www.wealthsolutionsria.com/p/services

David Osio and his Team Launch New Mobile Real Estate Application

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David Osio, the founder of the Davos Financial Group, announced recently that he and his team launched a new mobile application that helps the company’s clients calculate the estimated return on real estate investments. The technology helps real estate investors calculate potential gains after expenses.

Gerard Gonzalez, the executive director of DEG, worked closely with the tech company Tecknolution on the tools design and development. The new app is the first in a series of apps designed to enhance a client’s ability to identify potential investment properties. Using a built-in interactive chat tool, clients and agents at the Davos Real Estate Group can chat in real time using the app. The app also provides a feature that allows clients to forward current and past real estate reports to their agent.

Mr. Osio and Mr. Gonzalez discussed the many features of the tool during the announcement, and Mr. Gonzalez was quick to point out the apps power to paint a clear picture of an investor’s financial vision and their ability to generate profits from specific real estate purchases. The new app calculates the projected rental income of potential investment properties. The new app also features a mortgage calculator that allows users to forecast financing costs based on information provided by banks.

The Davos Real Estate Group is an independent company that works under the umbrella of the Davos Financial Group. David Osio is the founder of the Davos Financial Group, which is an industry leader in international finance with a focus on the Latin American Market. The primary goal of Osio and his organization is to provide comprehensive financial advice to clients and formulating sound investment strategies using a team of licensed professionals.

David Osio has extensive experience in domestic and global financial markets. He was the vice president of commercial banking for Banco Latino International from 1989 to 1993 and served as the manager of the banks private and corporate banking divisions. Mr. Osio is a graduate of the Catholic University Andres Bello in Caracas and he completed a specialization from the Institute of Higher Administration Studies. Mr. Osio also studied the management of investment portfolios at the New York Institute of Finance.

Read more: http://finance.yahoo.com/news/david-osio-executive-team-davos-202000331.html

Andy Wirth: Career Success

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Mr. Andrew Wirth, better known as Andy serves as the current president and CEO of Squaw Valley Ski Corporation. Wirth has served as the Chief Executive Officer of Squaw Valley Ski Holdings since August 2, 2010. Squaw Valley Ski Corporation is the mother company of Alpine Meadows and Squaw Valley ski resorts.

Early this year, The Reno-Tahoe Regional Air Service Corporation (RASC) announced that Mr. Andrew had been elected as Chairman of RASC. RASC is charged with the responsibility of promoting air service into Reno-Tahoe International Airport. The company also identifies new prospects for other flights. Learn more about Andy Wirth: https://www.facebook.com/FriendsOfSquawValley/posts/10152191670133708

Early life and education

Mr. Andy Wirth was born on July 25, 1963. Wirth attended Edinburgh University and Colorado State University where he graduated with a degree in Bachelor of Science. For this duration, he gained experience as a wilderness ranger as well as a backcountry ranger for the Rocky Mountain National Park.

Career at Steamboat/Intrawest

Mr. Andy Wirth started his career journey as an intern at the Steamboat Ski Resort after completing his studies. For over 20 years, he served in different marketing positions within the company until he was promoted to Intrawest, the parent company. Intrawest completed the acquisition of Steamboat Ski Resort in 2006. Mr. Andrew was named the chief marketing officer as well as executive vice president of sales and marketing.

Wirth was in charge of overseeing domestic and global marketing strategy for the company’s full portfolio. He was also the president of the Mountain Village Partnership, aimed at assisting local businesses.

Career at Squaw Valley

In August 2010, Andy Wirth replaced Nancy Cushing as the CEO of Squaw Valley ski resort. Under Wirth’s leadership, Squaw Valley underwent a $70 million upgrade. The upgrade helped put the company at the same level with other competing skiing areas.

The upgrade involved renovations to culinary, infrastructure, lodgings, base area facilities and common areas. Under Mr. Andrew’s leadership, Squaw Valley leaped to the top 20 percent ski resorts from the bottom 20 percent in just a year. Wirth was also involved in the merger between Squaw Valley and Alpine Meadows Ski Resort. You can now buy one ticket for admittance to both Squaw Valley and Alpine Meadows Ski Resort.

Don Ressler Planning More Amazing Features Under JustFab Fashion Umbrella

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JustFab, Fabletics, FabKids and FL2 are all the brainchild of businessman Don Ressler and his partner Adam Goldenberg. These online subscription fashion retailers are the wave of the shopping future and provide on-trend style for women, men and children around the globe at great savings and value.

It all began with the JustFab concept, a popular site that sells amazing shoes, handbags, denim and jewelry to women who demand affordable, quality made pieces. Buyers become VIP members and find greater perks, discounts and new items to purchase every month. It’s a personalized shopping experience with outfits chosen for buyers based on lifestyle needs and wants. JustFab markets under five looks: Trendsetter, Femme Nouveau, Bombshell, Modern Classic and Girl next Door. Celebrities like Olivia Wilde and Christina Applegate are two obsessed JustFab shoppers of many out there.

These include Fabletics, the active wear shopping site co-founded by Don Ressler, Adam Goldenberg and actress Kate Hudson, FabKids and FL2, work-out gear for men with Oliver Hudson as the face of the brand.

Branding is something Don Ressler and Adam Goldenberg are geniuses at developing. The partners realize that modern times call for modern ways to shop, and that is why e-commerce has become their favorite asset in a competitive fashion market. Women are looking for value, beautiful trends, excellent fabrics and materials that they can quickly and easily purchase.

Fabletics is a fine example of fashion evolving towards an active, more casual lifestyle. Women want comfortable, attractive leggings, tops, yoga pants, swimsuits and dresses that can go from morning into night. Kate Hudson understands that fashion philosophy and wears the gorgeous active wear Fabletics sells around the world.

The Fabletics concept is doing so well, that Don Ressler and Adam Goldenberg plan to open up to 100 new Fabletics brick and mortar retail stores within the next five years. By coupling the physical stores with the online shopping sites, Fabletics is leading the way in active wear for women.

The potential of e-commerce is huge, and Don Ressler and Adam Goldenberg are re-shaping fashion shopping. Don Ressler admits he didn’t used to know the difference between a peep toe and a Mary Jane, but he knows now that JustFab is delivering the highest quality shoes and more at the best prices. See: http://www.latimes.com/fashion/alltherage/la-ar-justfab-wants-to-be-the-next-hm-20150402-story.html

Kenneth Goodgame: A Prominent Sales And Operations Management Leader

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Kenneth Goodgame is a renowned sales, retail merchandising, and marketing executive. He is True Value Hardware Corporation’s senior vice president. Goodgame is also the Chicago, IL based firm’s chief merchandising officer. At True Value, he has built the whole merchandising team and redeveloped talent acquisition. He also led multiple groups to implement a 5-year strategic plan for delivering long term expansion. Kenneth Goodgame has been in charge of marketing, category management, merchandising, pricing, print advertisement, and global sourcing for the company. Additionally, he hired a complete management team and transformed a low performance buying group.

Before joining True Value, he worked for Ace Hardware Corporation. As the general merchandising manager, Goodgame managed $600 million in active inventory with a full P&L of $3.2 billion. He covered 78,000 SKUs driving a large part of corporate strategy.

Goodgame attained huge improvement in 2012 with a 400 basis point gross margin. He revamped planning and strategy for the firm because of the down economy. Additionally, he created an annual growth of 4.5 % in top line sales and $ 35 million to $50 million for wholesale sales. Goodgame also created a state of the art merchandising test facility.

Goodgame commenced his career at The Home Depot, which is based in Atlanta. He later joined Newell Rubbermaid before moving to Techtronic Industries North America. Throughout his profession, he has been an commanding operations management leader.

His focus is to ensure that he delivers quality assurance systems that facilitate improved profitability as well as performance. He also aims to strike a balance between critical performance indicators, employee involvement, and corporate alignment. Goodgame takes advantage of his ability to spur growth through productivity enhancements, quality improvements, and cost analysis. Leadership and composed negotiations are some of the other critical elements that lead to excellent performance and profitability.

Goodgame is a university of Tennessee graduate with an emphasis on marketing. His extensive experience serves him well in his work. It gives him the necessary knowledge to successfully stay ahead of the market shifts. Additionally, it also gives him the ability to navigate the common challenges that slows others.