For a long time, Latin America has been faced with fiscal imprudence, high inflation, and unstable currencies. For instance, Brazil has been hit by unending corruption scandals that have impaired fiscal reforms in the country. On the other hand, Venezuela is faced with extreme inflation, crippling energy sector and severe economic crisis that has led to massive emigration. Although there are some countries in the region with impressive economies, their market sizes and the issue of liquidity is a big turn off to most investors. Visit highland.com to know more.
Argentina providing unique opportunities
According to experts from Dallas-based Highland Capital Management, Argentina is different from most Latin countries. The company has established offices in Sao Paulo and Buenos Aires that are meant to serve the whole region. Argentina is the third largest country in the region and is endowed with a variety of natural resources and an educated population. However, the country has experienced political upheavals in the past that have hindered economic development. In the recent past, the political climate in the country has improved significantly and therefore providing a unique opportunity for investments.
Highland Capital Management activities in Argentina
During the debt recovering process, Highland Capital Management was one of the largest investors. The debt in the country surged during the one of the worst economic crisis of the country’s history in 2001. Several recovery efforts were made and it is after Macri’s win that an agreement was reached with lenders that necessitated re-entry of the country into the international markets. At the same time, Highland Capital Management was preparing strategies meant to align with the anticipated economic recovery. Read more about Highland Capital at prnewswire.com.
Initial exploration of Argentina
Highlands Capital Management CEO and co-founder James Dondero started exploring Argentina as an investment opportunity way back in 2012. His explorations led to the company entry in the sovereign debt. The leadership of the company trusted the economic policies proposed and continued to diversify beyond the sovereign bonds.
About Highlands Capital Management
Highlands Capital is an alternative investment manager with a footing across the world. It was established in 1993 by James Dondero and Mark Okada and is headquartered in Dallas, Texas. The company has grown to be a leader in Asset management, banking, and other financial services.