James Dondero Explains Why His Company Is Investing In Argentina

James Dondero is a successful Dallas area businessman. He co-founded Highland Capital Management in the early 1990s and is this financial organization’s president. He has lately been saying that he is focusing on Argentina as an investment opportunity for a number of different reasons. He says this nation is different than the rest of Latin America which has had problems for generations. Visit Patch.com to know more about James.

Most of Latin America has featured things such as rampant inflation, vast corruption, and currencies which have been pretty unstable. James Dondero points to Brazil where there has been a number of corruption scandals involving even the highest levels of government. He says Venezuela is also a problem, where they have experienced hyperinflation for a number of decades.

Argentina, though, is different he says. His company operates satellite offices in Latin America who focus on investment opportunities in that region of the world. James Dondero says right now his company’s offices in both Buenos Aires and Sao Paulo are finding good investments in Argentina which now has the third largest economy in South America. They also have access to a lot of natural resources and a populace which is well-educated. Economic growth in the past has been stymied by a far-left populist government but it is now turning towards more responsible government. Visit highlandfunds.com to know more about James Dondero.

James Dondero says that Argentina’s new President Mauricio Macri comes from a party just to the right of center. He has been working ever since he was elected a few years ago to turn around old populist policies that were dragging down that nation’s economy. He has put in place new policies which are market-oriented. He has also increased Argentina’s energy tariffs as well as currency controls. The result has been more investment in that nation and Argentina rejoining global capital markets.

In order for Argentina to grow the government there recognizes it will take foreign capital. Highland Capital Management was one of the first foreign companies to start investing in Argentina and they have had some really great returns on this so far. James Dondero says that Argentina will continue to be a really good place to invest for at least the next two to three years.

Read: http://www.barrons.com/articles/making-bold-bets-on-alternative-investmentsand-winning-1490423757

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