Managed by Shenkman Capital Management, Inc. (Since 12/1/2002)
Shenkman Capital Management, Inc. is an independently owned traditional and alternative credit manager. Over the past 30+ years, Shenkman has focused on the leveraged finance market, earning a reputation as a pioneer in the asset class as well as an early practitioner of credit research analytics. They seek to be a world leader in the research and management of leveraged finance investments for institutional and high net worth investors. Shenkman’s philosophy for achieving high risk-adjusted returns is to preserve capital under all market conditions and to maximize compound interest income through a disciplined and rigorous process predicated on comprehensive, fundamental analysis.
Mark R. Shenkman
President and Co-Chief Investment Officer
Mark R. Shenkman founded Shenkman Capital Management, Inc. in 1985 and is the firm’s President and Co-Chief Investment Officer. With 49 years of investment experience, and 41 years of high yield investment experience, he is considered one of the pioneers of the high yield bond and loan markets. He is a co-author of two textbooks on the high yield market, entitled High Yield Bonds: Market Structure, Portfolio Management and Credit Risk Modeling (McGraw Hill, 1999) and Leveraged Financial Markets (McGraw Hill, 2010). Mr. Shenkman was President and Chief Investment Officer of First Investors Asset Management in New York. He also was Co-Manager and Vice President of the High Yield Bond Department at Lehman Brothers Kuhn Loeb in New York, where he established one of Wall Street’s earliest departments dedicated to the research, selling and trading of high yield securities. Mr. Shenkman was a research analyst and a portfolio manager at Fidelity Management and Research Company in Boston. From 1977 to 1979, he managed the first high yield bond mutual funds at Fidelity. Additionally, Mr. Shenkman is actively involved in not-for-profit and philanthropic activities, including as an emeritus member of the Board of Directors of the UCONN Foundation and former Chairman of the Board; a Board of Trustee Emeritus at The George Washington University; Vice Chairman of the Board at Wilbraham & Monson Academy since 1969; and is a Board of Advisor Emeritus at the College of William and Mary, Mason School of Business. Mr. Shenkman received a BA in Political Science from the University of Connecticut (1965) and an MBA from The George Washington University (1967). Mr. Shenkman also received a Doctor of Humane Letters, honoris causa, from the University of Connecticut (2007). In 2018, the Fixed Income Analyst Society (FIASI) inducted Mr. Shenkman into its Hall of Fame as one of only 53 honorees in its 23-year history.
Justin W. Slatky
Executive Vice President and Co-Chief Investment Officer; Senior Portfolio Manager
Justin W. Slatky joined Shenkman Capital in 2011. He has 19 years of investing experience in high yield and distressed securities. Prior to joining Shenkman Capital, Mr. Slatky was Co-Head and Managing Director of the Distressed Bond business in New York and London for Goldman Sachs. He was also a member of the Credit Investment Committee charged with reviewing proprietary investments within the Credit Department. Before joining the distressed bond business in 2002, Mr. Slatky was a telecom high yield analyst and a recipient of Institutional Investor’s Runner-Up award. He joined Goldman Sachs from Credit Suisse First Boston in 2000, where he worked as a high yield analyst as part of an II ranked telecom team. Mr. Slatky graduated magna cum laude with a BS in economics (1998) and an MBA (1999) from The Wharton School at the University of Pennsylvania.
Eric S. Dobbin
Eric Dobbin joined Shenkman Capital in April 2006 and has 30 years of investment experience. Previously, he worked for Merrill Lynch as Managing Director, Head of High Yield and Distressed Bond Trading, from 2000 to 2006. From 1995 to 2000, Mr. Dobbin was a Portfolio Manager at Hamilton Partners. From 1989 to 1995 he worked for Travelers/Smith Barney in Investment Banking, as Head of High Yield Research and then as Portfolio Manager. Mr. Dobbin was Manager of Financial Analysis at Allied Signal from 1985 to 1989. Mr. Dobbin received his BA in economics (1984) and his MBA (1985) from Duke University.
Robert S. Kricheff
Portfolio Manager & Global Strategist
Bob Kricheff joined Shenkman Capital in 2013. He has 31 years of investment research and strategy experience in leveraged finance. Prior to joining Shenkman Capital, Mr. Kricheff was Managing Director and Head of the Americas High Yield Sector Strategy for Credit Suisse. During his distinguished tenure at Credit Suisse, he has overseen U.S., European and emerging market credit research as well as high yield sector and portfolio strategy. He also worked as a high yield analyst where he covered the media, cable, satellite, telecom, gaming, and entertainment sectors. His work covered bonds, loans and CDS. Additionally, Mr. Kricheff has published two textbooks and two e-books on topics related to leveraged finance and its analysis. Mr. Kricheff received a BA degree in economics from New York University and a MS in financial economics from the University of London’s School of Oriental and African Studies.
Neil Wechsler, CFA
Portfolio Manager and Research Analyst
Neil Wechsler joined Shenkman Capital in 2002. He has 20 years of investment experience including 16 years of high yield research experience. Prior to joining Shenkman Capital, Mr. Wechsler was a Summer Associate at Goldman Sachs Asset Management, where he worked on their high yield and investment grade research teams. In 2000, he was an Associate at Credit Lyonnais Securities in their Asset Backed Securities group. From 1998 to 2000, he worked at Duff & Phelps Credit Rating Co. as an Analyst in their Structured Finance group. Mr. Wechsler received a BS degree in business administration from the University at Albany (1996) and an MBA from New York University (2002). Mr. Wechsler is a CFA charterholder (2003) and a member of the CFA Institute and CFA Society New York.