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SOURCE Shenkman Capital Management, Inc.
NEW YORK, Aug. 1, 2014 /PRNewswire/ -- SHENKMAN CAPITAL MANAGEMENT, INC., one of the largest independent managers of high yield assets in the United States, is pleased to announce it has acquired the European high yield business of a large institutional asset manager. The team is comprised of Curt Schibli, portfolio manager; Jonathan Goble, senior credit analyst; and Oliver Chamberlain, trader, who have worked together for 15 years.
"This transaction demonstrates our commitment to expanding our expertise and global footprint for our clients. We continue to see significant potential in adding diversified fixed income capabilities as the scarcity of yield persists amid a strong credit environment," said Mark R. Shenkman, President and CIO of Shenkman. With these new resources, Shenkman is looking to leverage its credit expertise into the growing European market, creating the opportunity to expand into other European credit investments such as loans and convertible bonds.
The new investment strategies now offered by Shenkman include: BB/B European High Yield, Global High Yield and broad European High Yield, all of which are overseen by Mr. Schibli. "The union of these two teams and platforms is natural because the philosophy, style and strategy are a perfect fit. My team brings two decades of European investment expertise and relationships while Shenkman brings three decades of proven US high yield investment management with a conservative style," said Mr. Schibli. Shenkman's new European high yield team will be based in its London and New York offices.
About Shenkman Capital Management, Inc.
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. Shenkman manages assets for a predominately institutional client base, with offices located in New York, NY, Stamford, CT, and London, UK.