Dallas' Most Tabloid-Worthy Hedge Fund Wants it Known: Its President Owned His Wife in Court
Surely you recall James Dondero, the high-powered Dallas hedge fund manager who spends his leisure time dining on giraffe, jamming to Steve Winwood, and becoming embroiled in ridiculously messy legal feuds.
Last we checked some 17 months ago, Dondero was legal-feuding with two people. One was his wife, whom he accused of infidelity and was in the process of divorcing. The other was a former Highland Capital Management business partner named Patrick Daugherty, who was booted from Highland in September 2011 for being "megalomaniac," and who was "unmanageable, erratic and insubordinate" and went on abusive tirades against employees, according to court filings.
Things got very weird very quickly. Dondero reportedly believed his wife was cheating on him with Daugherty. Daugherty, in turn, accused his former business partner, whose income was $36 million in 2010, of hiding assets to avoid paying his wife spousal support, a claim he first unveiled in a legal filing describing a very weird dinner scene in which Dondero said he had 20,000 emails and texts, obtained from sources in "certain branches of the intelligence community," proving his wife was being unfaithful.
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Last month, as Dondero's divorce was going to trial, the New York Post entered the fray with a piece rehashing the salacious details and implying that the hedge fund manager was, in fact, hiding assets from his wife, who it said was owed up to $5 million under the terms of the couple's pre-nup.
More at http://blogs.dallasobserver.com/unfairpark/2013/11/highland_capital_dondero_divor.php .
[font color=green]This should attract plenty of new clientele for Highland Capital Management.[/font] 
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