Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:$160MM on Day One; An Insti Shop Debuts Its Second Mutual Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 20, 2014

$160MM on Day One; An Insti Shop Debuts Its Second Mutual Fund

Reported by Neil Anderson, Managing Editor

A $27-billion institutional fixed income asset manager just launched its second open-end mutual fund, with about $160 million in it right off the bat. Don't expect a third just yet, though.

On Friday New York City-based Shenkman Capital Management unveiled its Shenkman Floating Rate Income Fund (SFHIX). Bob Sherman, chief operating officer at Shenkman, confirms that Shenkman's clients put about $160 million into the new institutional fund on day one.

Sherman says that Shenkman clients asked for a mutual fund version of the strategy.

"We like to have our clients access our different investment strategies in a variety of different ways," Sherman tells MFWire.

Shenkman's first open-end mutual fund is a short-duration high yield fund. Sherman says the shop has no plans at the moment to launch additional open-end funds. (Shenkman also does subadvisory work for outside mutual funds.)

The new fund draws on capabilities Shenkman already uses in separate accounts and private funds, PMed by bank loan team chief David Lerner

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use