The Keith and Keely Mann Scholarship for professional achievement has just been established. Keith Mann who is the Chief Executive Officer at Dynamics Search Partners made the announcement through Business Wire. The scholarship was set up to identify and award the future innovative business leaders. Keith and Keely partnered with Uncommon Schools, a group of schools that provides scholarships to needy students and operates from New York City, to design and implement the scholarship. The Keith and Keely Mann scholarship will be offering a full scholarship to one graduating senior each year. These seniors will be selected from one of the Uncommon School’s Brooklyn-based high schools.
Joe Frick, a college counselor at Uncommon Charter High School, said that they appreciated the efforts made by the duo in implementing this profound scholarship program at their institution. He also added that the scholarship would help ensure that one of their students has the means to attend and complete college. Students applying for this scholarship will be asked to write a 1000-word essay detailing how the scholarship would help them achieve their professional goals. During the launch of the program, Keith Mann said they are excited to be part and parcel of the Uncommon School’s mission of preparing needy students to attend and graduate from college and make their dreams a reality. He also said that he is certain that this new scholarship will go a long way in ensuring that this dreams are realized by many students in the years to come.
For those who don’t know who Keith Mann is, he is proficient in issues regarding hedge fund compensation and staffing on top of being an expert in coming up with good hiring strategies. He, however, has been working in the executive search industry for more than a decade. In 2002, after realizing that the hedge fund industry was a rapidly growing market that was being underserved by the search community, Keith launched the Alternative Investment Practice. By 2006, the practice had expanded into the private equity industry. Keith founded Dynamic Search Partners (DSP) in 2009 as a leading executive search firm dedicated solely to alternative investment firms. Today, he runs the day to day management of DSP as its CEO. The company is in business with various companies across the alternative investment industry not only in the United States but also in Europe and Asia. DSP fills over 200 client mandates each year.
There is big news in international finance with Argentina returning to international bond markets. They were previously shut out of global markets because of a $95 billion dollar default in 2001. Argentina was unable to pay the holders of the restructured foreign-law bonds, even going so far as to defy U.S. court orders to settle in July 2014. Argentina has a new president who is committed to regaining market access and reverse the policies of his predecessor. This has lead to Argentina issuing $11.68 billion dollars in bonds to yield 7.5-8% in mid-April. There will be three bonds with maturities of 5, 10, and 30 years. U.S. Judge Thomas Griesa will lift the ban that’s prevented the country from paying its restructured debt. This reversal of fortunes was seen by one man, Highland Capital president, Jim Dondero.
Highland has $4 billion dollars of Argentinian notes that are due in 2033. They are also planning on not only holding on to what they have but to invest in more of the bonds that will be offered. Jim explained, “We’re optimistic on where Argentina is likely to price the debt and where it’s likely to trade, especially relative to other Latin American sovereigns. Highland has earned annualized returns on Argentina bonds of close to 20 percent since June 2014.” Jim also stated, “Our view, which I think was a good interpretation and ended up being correct, was that there was an intermediate-term inevitability to settle with holdouts that would have the bonds trade higher.” Once they are paid, James Dondero said that he would be open to starting an Argentian fund.
Jim Dondero’s board of director’s positions are numerous. He is a board member of MGM studios and American Banknote. He is chairman of NexBank, Cornerstone Healthcare, and CCS Medical Corporation. His education backs up his 30 years of experience with certifications of Management Accountant and a Chartered Financial Analyst, and a BS from the University of Virginia.
In addition to being a financial wizard, Jim Dondero also has a heart working with several charities like George W. Bush Presidential Library and Institute, Perot Museum of Natural Science, Education is Freedom, Snowball Express, Uplift Education and SMU’s Tower Scholars Program.
With Jim Dondero’s foresight at the helm, especially where the global marketplace is concerned Highland Capital Management will continue to be a leader in the industry.
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