Cairn targets credit stress with subordinated financials fund

Thu Sep 29, 2011

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London-based credit specialist Cairn Capital is rolling out a fund focusing on subordinated financial debt instruments. The Subordinated Financials Fund is due to launch on 3 October and will aim for double-digit annualised returns, investing primarily in legacy instruments within Europe.

The fund has around €45 million in committed seed capital from two pension funds that are already...

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