SHENKMAN CAPITAL MANAGEMENT, INC. Announces the Hiring of Bob Sherman as Senior Vice President, Strategic Development

NEW YORK, April 3, 2013 /PRNewswire/ -- SHENKMAN CAPITAL MANAGEMENT, INC., one of the largest independent managers of high yield assets in the United States, is pleased to announce the appointment of Bob Sherman as Senior Vice President, Strategic Development. Bob will play a key role in client relationship management and the development and execution of the Company's strategic growth initiatives.

"We are thrilled to have a fixed income industry veteran of Bob's caliber join our growing firm at such an exciting time," said Mark Shenkman, President and Chief Investment Officer of Shenkman Capital. "While the success we've achieved over the years has been extraordinary, ours is still a growth story. Bob's broad experience complements our seasoned team and his reputation among institutional clients and consultants will be an important element of our long-term development," he said.

Before joining Shenkman Capital, Mr. Sherman was a partner at GoldenTree Asset Management, LP for over two years. Prior to GoldenTree, he was at Seix Investment Advisors for 14 years, where he eventually became the CEO.

"I'm honored to be joining one of the pioneers in the world of leveraged finance asset management," Mr. Sherman said. "I look forward to promoting and growing a business so dedicated to a truly risk averse investment style executed by such a venerable team of credit analysts and portfolio managers," he said.

Mr. Sherman earned his Bachelor's of Science degree in Finance from the University of Connecticut. He is on the University of Connecticut Foundation's Board of Directors and is a member of its investment committee.

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.

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