Shenkman Capital Management launches Short Duration High Income Fund
Shenkman Capital Management, one of the largest independent managers of high yield assets in the US, has launched the Shenkman Short Duration High Income Fund.
The new fund commenced operations on 31 October 2012 and is the first US 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 companies. The fund will primarily invest in securities that have short durations (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," says 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."
Nicholas Sarchese, senior vice president of Shenkman Capital, will be the day-to-day portfolio manager to the fund. 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 says.
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