Shenkman Capital Management, Inc. (New York)

Name: Shenkman Capital Management, Inc.
Address: 461 Fifth Avenue, 22 Nd Floor, New York, NY, 10017 6283
Telephone: (212) 867-9090

Shenkman Capital Management, Inc. is a large advisory firm based in New York. It manages $29.82 billion of regulatory assets for 217 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, California, Connecticut, and 6 other states.

Shenkman Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Shenkman Capital Management: assets under management

The assets under management (AUM) of Shenkman Capital Management, Inc. is $29.82 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 227% since the beginning of its operation, and $17.51 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $29.82 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $137.42 million each.

Shenkman Capital Management has custody of $2.53 billion in cash and securities for 30 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 61% of the total AUM. The second-largest asset type is derivatives, which make up 22% of the firm’s portfolio. Investments in other assets form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Shenkman Capital Management, Inc. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Victor Moe Rosenzweig serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Victor Moe Rosenzweig is corporations or other businesses with 8 clients and $10.75 billion of assets under management. Among the 8 most similar advisory firms, Shenkman Capital Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $29.72 billion for 201 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 29% of the firm’s clients are foreign persons or businesses.

Shenkman Capital Management also advises several private funds. Namely, eight hedge funds, two other private funds, and five securitized asset funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.

Careers at Shenkman Capital Management, Inc.

The company employs 125 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Victor Moe Rosenzweig has been acting as President since 1 Jan 1990. Mark Robert Mitchell joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Ronald Shenkman	President; director; trustee	1 Jul 1985	Other	870536
Albert Fuss	Director	1 Oct 1985	Other	216054
Frank X Whitley	Executive vice president	1 Feb 1988	Other	4387377
Frank Xavier Whitley	Vice chairman; shareholder	1 Feb 1988	Other	4387377
Victor Moe Rosenzweig	Director	1 Jan 1990	Other	4387373
Victor M Rosenzweig	Director	1 Jan 1990	Other	4387373
Mark J. Flanagan	Executive vice president	1 Jun 1992	Other	4387380
Mark James Flanagan	Executive vice president	1 Jun 1992	Other	4387380
Richard H. Weinstein	Executive vice president & general counsel; chief compliance officer	1 Jun 1997	Other	4387384
Richard Howard Weinstein	Chief operating officer & general counsel; chief compliance officer	1 Jun 1997	Other	4387384
Robert Stricker	Senior vice president	1 Feb 2002	Other	1689827
Kim Irene Hekking	Senior vice president	1 Jul 2002	Other	4668407
Mark R. Shenkman Revocable Trust	Shareholder	1 Sep 2003	50% - 75%	xxx-xx-xxxx
2003 Mark R. Shenkman Revocable Trust U/A August 13	Shareholder	1 Sep 2003	50% - 75%	xxx-xx-xxxx
Victor M Rosenzweig	Trustee	1 Dec 2010	Other	4387373
Rosalind E. Schmidt Shenkman	Trustee	1 Jan 2011	Other	5915054
Bradley Deck Belt	Director	1 Sep 2011	Other	4137617
Adam Scott Kurzer	Senior vice president, head of capital markets & trading	1 Sep 2013	Other	1646951
Justin Warren Slatky	Senior vice president, senior portfolio manager	1 Sep 2013	Other	2911120
Christopher Paul Fitzgerald	Chief compliance officer	1 Nov 2013	Other	5357635
Robert Ira Sherman	Chief operating officer	1 Nov 2013	Other	1339795
Christopher P Fitzgerald	Chief compliance officer	1 Nov 2013	Other	5357635
Teresa Regina Cappella	General counsel	1 Feb 2014	Other	6401410
Justin Warren Slatky	Executive vice president; trustee	1 Jun 2015	Other	2911120
Shenkman Family 2012 Trust	Shareholder	1 Jun 2015	Other	xxx-xx-xxxx
Dov Berish Braun	Chief financial officer	1 Jul 2016	Other	6708678
Serge Todorovich	General counsel; chief compliance officer	1 Feb 2017	Other	5233090
Mark Robert Mitchell	Director	1 Sep 2019	Other	1253373

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mark Ronald Shenkman	Trustee	1 Aug 2003	Other	870536
Justin Warren Slatky	Trustee	1 Dec 2012	Other	2911120
Mark Ronald Shenkman	Trustee	1 Dec 2012	Other	870536

Based in New York

The principal office where Shenkman Capital Management, Inc. performs its advisory services is located at 461 Fifth Avenue, 22 Nd Floor, New York, NY 10017 6283, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (212) 867-9090 or by fax (212) 867-9106. The normal business hours are 8:30 am to 6:00 pm on Monday - Friday. You can find more information about the New York firm at shenkmancapital.com and its LinkedIn profile.