An institutional, leveraged finance specialist just entered the U.S. mutual fund business. Last
week Shenkman Capital Management, Inc. launched its first U.S. mutual fund, the
Shenkman Short Duration High Income Fund. Shenkman first filed in August to launch the fund.
Mark Shenkman, president and chief investment officer of Shenkman, called the new mutual
fund "a potential solution to the dual challenges confronting investors today, namely ultra low
interest rates and price volatility." Senior vice president Nicholas Sarchese PMs the
new mutual fund, and Quasar handles distribution.
Shenkman launched in
1985 and is "indepedently owned by team members and directors." The asset manager boasts
offices in London, New York City, and Stamford, Connecticut. Shenkman also sub-advises a mutual fund for Harbor
Funds.
Company Press Release
SHENKMAN CAPITAL MANAGEMENT, INC. Launches the Shenkman Short
Duration High Income Fund
New York, NY October 31, 2012 – SHENKMAN CAPITAL MANAGEMENT, INC.,
one of the largest independent managers of high yield assets in the United
States, today announced the launch of the Shenkman Short Duration High
Income Fund. The new fund commenced operations today and is the first U.S.
mutual fund sponsored by Shenkman Capital.
The new mutual fund will invest in a diversified portfolio of corporate bonds
and other obligations issued by non-investment grade rated (“high yield”)
companies. The Fund will primarily invest in securities that have short
durations (i.e., typically three years or less). The ticker symbols are SCFIX and
SCFAX.
“We are excited to offer the Shenkman Short Duration High Income Fund as a
potential solution to the dual challenges confronting investors today, namely
ultra low interest rates and price volatility,” said Mark R. Shenkman,
Shenkman Capital’s President and Chief Investment Officer. “We believe our
core philosophy of seeking capital preservation and compounding interest
income is well suited for this fund and the market environment,” he said.
Nicholas Sarchese, Senior Vice President of Shenkman Capital, will be the dayto-day portfolio
manager to the fund. Mr. Sarchese will have the resources of
Shenkman Capital’s 15-member Credit Research team to ferret out suitable
investments for the fund. “Shenkman Capital’s rigorous, bottom-up,
fundamental credit research helps to identify opportunities within the higher
quality, shorter duration segment of the market,” he said.
About Shenkman Capital
Shenkman Capital is an independent investment management firm, founded
and registered as an investment adviser with the SEC in July, 1985. Since its
founding over 27 years ago, Shenkman Capital has dedicated its investment
management services exclusively to the leveraged finance markets. As an early
participant in the asset class, it has earned a reputation as a pioneer and a
prudent practitioner of comprehensive credit research analytics. Shenkman
Capital manages assets for a predominantly institutional client base and has
offices in New York, NY, Stamford, CT, and London, UK.
Mutual fund investing involves risk. Principal loss is possible. Investments in debt securities
typically decrease in value when interest rates rise. This risk is usually greater for longer-
term debt securities. Investment by the Fund in lower-rated, non-rated, and unsecured
securities presents a greater risk of loss to principal and interest than higher-rated
securities. The Fund may invest in foreign securities, which involve greater volatility and
political, economic and currency risks and differences in accounting methods. In order to
achieve its investment objectives, the Fund may use derivatives. Derivatives involve risks
different from, and in certain cases, greater than the risks presented by more traditional
investments.
The Fund’s investment objectives, risks, charges and expenses must be
considered carefully before investing. The prospectus contains this and other
important information about the investment company, and may be obtained by
calling 1-855-SHENKMAN (1-855-743-6562). Read carefully before investing.
Diversification does not assure a profit nor protect against loss in a declining market.
Duration is a measure of the sensitivity of the price (the value of principal) of a fixed-
income investment to
a change in interest rates. Duration is expressed as a number of years.
The Securities and Exchange Commission (SEC) does not approve or disapprove of any firm or
investment.
Shenkman Capital Management, Inc. is the Advisor to the Shenkman Short Duration High Income
Fund,
which is distributed by Quasar Distributors, LLC.
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