Shenkman Capital Partners with TRAction for Reporting Tech

Asset management firm Shenkman Capital has announced a collaboration with regulatory reporting technology provider TRAction. The partnership will see Shenkman Capital utilizing TRAction's expertise to meet its trade reporting obligations.

Daniel Mangiero, Chief Operating Officer at Shenkman Capital, stated, "Shenkman Capital is pleased to collaborate with TRAction, utilising their expertise in regulatory technology to meet its trade reporting requirements." He further added, "By working alongside industry experts to support its middle- and back-office, Shenkman Capital can maintain its focus on investing and providing exceptional credit solutions to its clients."

Shenkman Capital, based in the U.S., specializes in credit markets, with investments across various asset classes including high-yield bonds, convertibles, and short-duration bonds. The firm provides access to its investment strategies through mutual funds and UCITs funds.

According to a statement from TRAction, Shenkman Capital will specifically employ their technology for derivatives trade reporting requirements mandated by the Australian Securities and Investments Commission (ASIC).

Quinn Perrott, co-CEO at TRAction, commented on the collaboration, saying, "With the support of TRAction's services, the collaboration will enable Shenkman Capital to allocate more resources towards their services, whilst seamlessly maintaining compliance under the ASIC reporting regime."