Understanding the Highland Capital-RAIT Financial Trust Agreement with James Dondero

At its upcoming 2017 Annual Meeting of Shareholders, RAIT Financial Trust will appoint a new trustee to its Board of Trustees. The new trustee will be someone who has been recommended by Highland Capital Management, which is helmed by 54-year-old portfolio manager James Dondero. This story has received a lot of coverage, and a lot of that has to do with the fact that Dondero is involved. With more than 30 years of experience and success in the credit and equity markets, Dondero is the kind of person who tends to make waves wherever he goes. Learn more about the cooperation agreement that he has reached between Highland Capital and RAIT by reading on below.Before taking a closer look at the aforementioned cooperation agreement, let’s back up a little. To better understand everything, it helps to have some knowledge of the background of not only the companies involved but of James Dondero as well. Dondero was born in Hoboken, New Jersey. He was always a hard-working student, and he attended the University of Virginia during the early 1980s. He graduated from UV’s McIntire School of Commerce in 1984 with high honors and a dual major in finance and accounting. Needless to say, he came away with the educational credentials that he needed to hit the ground running.

In 1984, James Dondero took his first job in the industry as an analyst in the Morgan Guaranty training program. Just a year later, he started on as a corporate bond analyst for American Express. During his time there, he managed around $1 billion in fixed-income funds for the corporation. From 1989 to 1993, Dondero established Protective Life’s subsidiary, GIC, growing it from a startup to a company that was worth more than $2 billion in just five years.Everything really changed for James Dondero in 1993 when he founded Highland Capital Management with Mark Okada. Originally, the alternative asset firm was based in Los Angeles. For a variety of reasons, including tax purposes, the founders relocated the firm to Dallas, Texas, where it has remained ever since. Highland Capital stands out in many ways. Its primary focus is on high-yield and distressed investing. The company really made a name for itself as a pioneer in the CIO, or Collateralized Loan Obligation, market. As a result, James Dondero is closely associated with CIOs and is vastly knowledgeable about them.

In November 2016, Highland Capital disclosed information about its holdings in RAIT Financial Trust to the Securities and Exchange Commission. At that time, the alternative asset firm held around 5.9 percent of the trust’s outstanding common shares, which was equal to nearly 5.3 million shares. RAIT, a national direct lender to owners of commercial real estate, or CRE, offers a full-service CRE lending platform that produces customized lending solutions for its clients. In May, RAIT entered into a cooperation agreement with Highland Capital in an attempt to sort out the issues regarding the Board of Trustees.Because of the cooperation agreement, Highland Capital Management and RAIT Financial Trust will collaborate and work together.

When everything is said and done, two new trustees who have been approved by Highland Capital and James Dondero will join the board. The first one will be appointed after the certification of the vote that occurs at the 2017 Annual Meeting of Shareholders. Within 120 days of the agreement, a second trustee will be appointed and will join the board. Meanwhile, Highland Capital and its affiliates have agreed to vote their shares to support the election of a slate of trustees that has been recommended by RAIT’s board during its annual meeting.While much of James Dondero’s time is spent focusing on Highland Capital and its activities, he is involved with many other organizations as well. A certified management accountant and chartered financial analyst, Dondero serves on the Board of Directors of American Banknote and MGM Studios. He is also the Chairman of the Board of CCS Medical Corporation, NexBank and Cornerstone Healthcare. He and his team at Highland Capital are optimistic about the recent agreement with RAIT. It will be interesting to see what comes out of their collaboration. No matter what happens, you can be sure that James Dondero will handle everything strategically.

The Goal of Sujit Choudhry

Comparative law has been a growing area to study ever since the 18th century. As transportation became cheaper and has people became more inclined to travel, individuals became interested in not only traveling, but also studying different cultures and to study the legal systems that are within each different culture. The field of comparative law is a field that specifically studies different legal systems all over the world and across numerous time periods. The goal is to figure out what works within different legal systems and to figure out what does not work. Comparative law is seen as the best way to create a globalized world that consists of rules that have been specifically tailored to a globalized society and benefits everyone. Of the many experts within this field of expertise in present day, one individual stands out due to his passion for comparative law and for his excellent research that has inspired so many.  To read more about his insights on things, check on iconnectblog.com.

More on this must-read law blog.

This individual is Sujit Choudhry, an individual who has grown up in many different countries around the world and an individual who has been given the opportunity to study the different legal systems. Sujit Choudhry has grown up in not only India, but also has grown up in Canada, the United States, and England. With wealthy parents, Sujit Choudhry was given the opportunity to be educated by some of the best schools in the world and was always told to take full advantage of the opportunities that he has been given. During his time in school, Sujit Choudhry excelled and learned to appreciate knowledge as a form of power. Check on fundacity.com for more articles.

Sujit Choudhry is a well respected professor of law and has inspired countless students to seek him out as a mentor for his passion for the subject of comparative law as well as for his expertise within the field of study. Sujit Choudhry hopes that his research will continue to be investigated even when he is finished in his lifetime.   More to read on en.wikipedia.org.  Sujit Choudhry hopes that a student of his or his peers will soon pick up where he will leave off in order to continue pursuing a globalized world. For Sujit contact info, hit bizjournals.com

Check this pocast episode featuring Sujit Choudhry on http://danielbudzinski.com/podcast/sujit-choudhry/#.WTHVO8m1ugw


Capital Group Continues to Grow While Others Flounder

Tim Armour is the chief executive officer of the Capital Group, which includes the Capital Research and Management Company. In 2015, he was appointed chairman of the Capital Group and Capital Group Management.


While at the Capital Group, he has been an equity portfolio manager. He has gained more than 30 years of investment experience with The Capital Group. Timothy Armour began his career with Capital Group by being part of The Associates Program. Tim Armour would later become an equity investment analyst at the Capital Group, covering American companies and global telecommunications.


Tim Armour was named chairman after the death of acting chairman Jim Rothenberg. He became Senior Vice President of The American Funds, which is part of The Capital Group in 1994. Timothy Armour is a board member for several groups including the AMCAP Fund and learn more about Tim Armour.


Tim Armour managed to secure a deal with Samsung, just weeks after becoming chairman of The Capital Group. The deal with Samsung would allow the two companies to create retirement products for Korean investors, specifically targeting middle-aged workers and seniors. Under the deal, Samsung and The Capital Group will work together on product management and investment management methods and read full article.


Timothy Armour believes the changes seen in the post-Trump markets are real and will be leading to increased interest rates and higher inflation. Tim Armour believes interest rats have hit the floor and will only increase. Tim Armour has also been vocal about the soon coming turbulence, caused by the unknown policies from the new president. Tim Armour believes that banks will grow in the market while real estate and utilities will flounder and Timothy’s lacrosse camp.


Timothy Armour currently lives in Los Angeles, California where he continues to run The Capital Group. Tim Armour managed to survive a sudden-drop in the stock market, while others panicked and lost lots of money. Timothy Armour has appeared on television including CNBC and MSNBC where he discussed investments and the uncertainty of the economy.


He continues to offer financial advice to his clients and those seeks his insight into the future of the economy. He continues to build up his company and looks forward to more growth.

Brad Reifler Leads Investors Beyond Stocks

Brad Reifler is the founder of Forefront Capital, and he has made a lot of great moves in the financial industry. He has been able to become a master of hedge funds management, and he helped a lot of clients build portfolios that are going to bring them tremendous amounts of wealth.

Brad Reifler deals in millions of dollars in transactions because he deals with high risk portfolios. He helps clients pad their portfolios with a diverse number of investment options. In doing so he has become an expert in what people need to consider for their finances.

According to Crunchbase, there are internet sites that provide the tips on managing a portfolio in accordance to the rules that Brad Reifler emphasizes. He has been in the investment industry for a long time so there are certain things that he is definitely able to give advice on.

One thing that he has continued to preach to investors is being aware of where their money is going. He feels that a lot of investors sign up for a 401k or trade stocks, but they never make any changes to their plans. This can be insanity for investors that are actually planning for retirement. If they never take the time to adjust their plans they will not be able to see what they will need to do to increase their growth rates.

Bloomberg revealed that Brad Reifler also believes that investing is something takes time. People that have success in investing are the ones that are interested in researching the market. The only way that an investor can have any knowledge on what they are doing is by making a commitment to seeing how the market changes.

If you become familiar with what certain companies are doing it becomes much easier to guage where you need to put your money and where you need to move it from at certain times. This is valuable information to investors, and leading people to research the investments is what Brad really wants to do. He wants people to know that stocks are not the only means to building a portfolio successfully.

Learn more about Brad Reifler: http://www.huffingtonpost.com/author/bradreifler-226

Wedding Photographers, George Street Photo and Video, NYC

For each wedding, it is always important to make memories; all this is made possible by looking for a professional photographer who can be of some assistance in capturing the memories. Some of the considerations which you will have to make thus ascertaining that you find the best will be looking in to the reputation. For a company like George Street Photo and Video Address Locations, you will be assured of professionalism, meaning that you get value for your money.

Being professional photographers, they are aimed at ascertaining that you attain everything that you would need. For a moderate price, you will be able to attain coverage for the engagement, the wedding, and the party, amongst others. More so, you will attain professional advice on the venues which you can consider thus being able to have a colorful wedding. On the other hand, you are assured that in the long run, you will be assuaged.

Eric Lefkosky: The Man Who Wears Many Hats

Eric Lefkosky started a scary and inspirational journey when he found out his wife was diagnosed with breast cancer. As a result of his wife’s diagnosis, Eric found himself spending a lot of time in medical facilities. While there he was surprised at how little data was given to her care. The sample he gave was more technology was given to truck drivers and what their load consisted of than the data given to the oncologist who make life and death decisions.

Eric Lefkosky felt that the underlying infrastructure that researchers and clinicians use is broken in the most fundamental ways. Data is not shared with others outside of the medical field. This would greatly improve the use of the compiled data.

Collecting data and sharing it publically so everyone has access from physicians, researchers, insurance companies and bio-tech companies. He has talked about setting up a library to amass data. There should be a demand to store data publically and be available to the public. Building an economic model to solve this problem and share the technology would only benefit the patient.

Eric worries about the pace of the industry. How long is this going to take for the data to get out? Building one big data system is the goal to use technology of data. Once again the patient benefits and learn more about Eric.

Eric Lefkosky has been in technology for twenty years. He is the co-founder and CEO of TEMPUS. It is a technology company that has built a system to battle cancer. He has also been a co-founder and chairman of a few companies that are traded on the DASDAQ and more information click here.

Eric graduated from the University of Michigan and received his juris Doctor at the University of Michigan Law School. He and his wife Liz, established the Lefkosky Family Foundation which is a charitable foundation to advance high-impact initiatives that enhance lives in the communities served.

Mike Baur and SSUF Offer Success to Young Entrepreneurs

Mike Baur is an example of a New Age business success story. He took his 20-year career in private banking and leveraged it into a new business concept, The Swiss Start-Up Factory. In case you haven’t noticed, the old business concepts and appearances complete with three piece suits and short hair styles have finally evolved. Now a sign of the new businessman is an absence of neckties. Mike Baur is a proponent of this new business style along with having established a background in business and business fundamentals. Baur has built the Swiss Start-Up Factory (SSUF) from the ground up. He is responsible for all the SSUF orientation, business structure, initial funding, and financing.

The Swiss Start-Up Factory was started in 2014 in Zurich, Switzerland. Baur took the idea of venture capitalization and turned it on its ear. By restructuring this area of venture capital funding, he has been able to offer all the necessary ingredients to business success, including funding, to those entrepreneurs who apply to the SSUF and are accepted into the program. Taking a start-up business and turning it into a functioning profitable business requires more than money and Baur felt his experience in the Swiss banking industry has given him the necessary skills to mentor young business groups and their business concepts. The SSUF runs a business accelerator program that gives the fledgling business organization the necessary services, funding, mentoring, coaching, office space in Zurich, and a network that Baur has developed over the 20 years of his banking career. The program lasts three months. For more information and to apply see the SSUF website: Click here

Baur and SSUF have produced a series of videos that detail the individuals in the program and their business concepts that are growing in success thanks to the collaboration with SSUF.

These young, dynamic individuals represent the future of our planet. Their business ideas will improve life and may lead to a planet where we can all be regarded as being from the same family, a place where war and poverty will no longer exist. Religion and politics have not brought us together as a common world family but maybe business can produce more than enough food to stop famine and give every family a reason to enjoy life.

Source: Get Inspired by the founders of Swiss StartUps

Rapid Rollout in the UK as Honey Birdette Launches Its US E-Commerce Section

Australian luxury lingerie company, Honey Birdette launched its e-commerce site in the US with the aim of serving its clients better. It also has plans underway to increase the three stores it has in the UK to at least 40 by the need of 2018. The brand began in 2006 as its founder Eloise Monaghan tried to meet the needs of a unique target client who wanted a good quality type of lingerie. The e-commerce section in the US market was a result of a response to the exploding demand, which saw the company’s sales increase 374% in online sales. The Ecommerce Avenue is the way to serve clients better by ensuring timely service delivery, easy returns in case of complaints and an extended product range for all customers.

The company also has plans underway the main target being the US market but first, it plans to start by expanding its UK market from three stores to at least 40 by the end of 2018. The first time the company opened its first store outside Australia was in London’s Convent Garden early last year. The second and the third stores were then opened in Westfield white city and Leeds Victoria gate. The next stores are targeting areas such as Westfield Stratford, Newcastle, Leeds, and Liverpool among other areas. The company has a target of reaching other prime locations around Europe as a way of increasing their sales and promoting the company’s expansion.

About Honey Birdette
This company was first launched in 2006. Its founder is Eloise Monaghan. The idea of a unique and luxury lingerie line came about because of a chat she had with a friend over dinner.

There was a need to supply the right kind of bedroom lingerie. Quality and class were missing in most of the provisions available in the market. This was the best way to meet these needs.

For further information on Honey Bridette follow them on Facebook.

The Rise of Honey Birdette

Any company with “we love making your bedroom happy” as their mission statement must be successful. Each delicious boutique and online site offers a variety of beautiful lingerie ensembles and adult themed toys for the adventurous. There’s a name and story behind every sexy outfit.

Their founder provides boutiques, an online website, Pinterest page, and Facebook. Consumers can easily access any form of the brand at their leisure. Still have questions about the brand or products? Feel free to reach out to their friendly staff by email or join the VIP list for regular updates.

Honey Birdette is here for your every request. Since their beginnings in 2006 by young entrepreneur Eloise Monaghan, these boutiques have been building and growing consistently. This Brisbane founded company has finally launched its US e-commerce site. After a 374 % increase in online US sales over the last year, the decision was made to expand. The aim is to enhance the experience of US consumers by easier returns, faster delivery and extended product range. If this wasn’t enough good news for the US, there is talk of plans for US retail openings.

Aside from the US market, Honey Birdette is looking to take the UK portfolio from their current three stores to a whopping forty by the end of 2018.There are fifty five stores in Australia where it’s first boutique was born. Last year the first Honey Birdette was opened outside of its home market, in London’s Covent Garden. Two more London locations shortly followed suit. By the end of next year, ten more locations will be added to the UK list. Not to mention, there are prospects of plans for more premium boutiques around Europe. I can’t wait to see where this sensual brand will go from here.

Beneful Healthy Weight Shows Dogs They Are Cared About

Beneful Healthy Weight dog food has good ingredients at the heart of the food’s recipe. The number one ingredient in this recipe is real chickens that are raised on farms. It is blended with vegetables as well as whole grains until it is just perfect. It has 100% nutrition that owners and veterinarians will love as well as 100% taste the dogs will absolutely love! It also has 10% fewer calories than what is found in the Beneful Originals that is made with real beef.

This healthy weight food will help dogs stay in an ideal weight range while also helping owners stay within their budgets! It is not only affordable, but made with healthy ingredients to give furry friends the best nutrition they can receive. The flavors of the real chicken, the whole grains and the vegetables will give dogs the tastes that they really crave, making sure that they will definitely enjoy it and love it! While it is packed with a lot of flavor, it will also help to maintain that healthy weight that the veterinarian recommends.

A large part of this recipe blend is the fact that there is no additional added sugar. This is important as added sugar is not healthy for anyone! The chicken helps dogs be able to get in some protein to help them build as well as maintain lean muscle, helping them not only achieve and maintain a healthy weight but also helping them to have the energy they once lost! With accents of real vegetables and fruits such as apples, green beans and carrots, this not only provides dogs with wholesome goodness but also with variety and excitement in their dry dog food! Show dogs that they are thought about and cared for with Beneful Healthy Weight food, that will give them 100% nutrition as well as flavor!