SHENKMAN CAPITAL MANAGEMENT Launches an Institutional Bank Loan Mutual Fund with Approximately $160 Million

NEW YORK, Oct. 17, 2014 /PRNewswire/ -- SHENKMAN CAPITAL MANAGEMENT, INC. ("Shenkman"), one of the largest independent managers of high yield assets in the United States, is pleased to announce the launch of an institutional bank loan mutual fund, the Shenkman Floating Rate High Income Fund (SFHIX).

This is the second Shenkman branded mutual fund added to Shenkman's product offerings. "This is an important addition to the way in which our institutional clients can access the firm's bank loan capabilities," according to Bob Sherman, Chief Operating Officer. "With the addition of David Lerner as the head of our bank loan team just over a year ago, we wanted to ensure that our clients were able to access our capabilities in this asset class in a variety of ways." Shenkman manages bank loan strategy assets in a combination of separate accounts, private funds, collateralized loan obligations (CLOs), and now an institutional mutual fund.

According to the fund's portfolio manager, David Lerner, "The most exciting aspect of this vehicle launch is that our existing clients were the primary source of capital, demonstrating tremendous confidence in the firm and our capabilities. To have an institutional mutual fund with approximately $160 million in assets on day one speaks volumes about the strength of the partnership that we have built with our client base."

About Shenkman
Shenkman is an independent investment management organization, founded and registered as an investment adviser with the SEC in July 1985. Over the past 29 years, Shenkman has dedicated its investment management services exclusively to the leveraged finance market, earning a reputation as a pioneer in the asset class as well as an early practitioner of credit research analytics.

Mutual fund investing involves risk. Principal loss is possible. There can be no assurance that the Shenkman Floating Rate High Income Fund will achieve its stated objective. Investments in floating rate securities include additional risks that investors should be aware of such as credit risk, interest rate risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. In addition to the normal risks associated with investing, bonds, bank loans, zero coupon securities and the funds that invest in them are subject to interest rate risk and can be expected to decline in value as interest rates rise. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The Fund invests in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods.

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 Fund and may be obtained by calling 1-855-SHENKMAN (1-855-743-6562). Read carefully before investing.

Shenkman Floating Rate High Income Fund is distributed by Quasar Distributors, LLC

SOURCE Shenkman Capital Management, Inc.

Related Links

http://www.shenkmancapital.com