Shenkman Capital Management has launched its first mutual fund: the Shenkman Short Duration High Income Fund (SCFIX and SCFAX), which will bet on 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 (i.e., typically three years or less).
Nicholas Sarchese, senior vice president of Shenkman Capital, will be the day-to-day portfolio manager to 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 stated.
Shenkman was founded and registered as an investment adviser with the SEC in July, 1985. The firm manages assets for a predominantly institutional client base and has offices in New York, Stamford, Conn., and London.