An Original PM Will Retire From a $1.5B Bond Fund
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Wednesday, December 2, 2015

An Original PM Will Retire From a $1.5B Bond Fund

One of the original two PMs on a 13-year-old, $1.5-billion bond mutual fund is about to retire.

Mark Flanagan
Shenkman Capital Management, Inc.
Executive Vice President, Senior Portfolio Manager
Harbor Funds [profile] confirms that on January 1 Mark Flanagan, executive vice president and senior PM at Shenkman Capital Management, will be retiring from Shenkman. New York City-based Shenkman subadvises the three-star Harbor High-Yield Bond Fund for the Chicago-based mutual fund shop, and Flanagan is one of six PMs on the fund.

MFWire could not immediately reach Flanagan himself or Harbor Funds Distributors president Hugh Kelly for comment on Flanagan's impending departure.

The other PMs on the fund are: Shenkman founder Mark Shenkman; Shenkman SVP and SPM Eric Dobbin; Shenkman VP and PM Steven Schweitzer; SVP and SPM Justin Slatky; and SVP and PM Robert Kricheff.

Flanagan has been working with Shenkman for more than 23 years. The fund first launched at the beginning of December 2002, with Flanagan and Shenkman's Frank Whitley (no longer attached to the fund) PMing.

Meanwhile, Shenkman now also offers a pair of its own mutual funds, the $275-million Shenkman Floating Rate High Income Fund and the $101.7-million Shenkman Short Duration High Income Fund. Flanagan is not on the PM team for either of those funds.

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