Credit specialist Cairn racks up 40% return in first year with financials subordinated debt strategy

Mon Nov 26, 2012

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Philippe Kellerhals
Cairn Capital, the independent London credit specialist with around $17 billion under management and long-term advice, has just capped a highly profitable first year of trading with a fund focused on investments in undervalued subordinated bonds of financial issuers.

The Cairn Subordinated Financials Fund launched in October 2011, and has made an impressive net return of 42.9% in its first 12 months – surpassing the upper boundary of its initial return target of 25-40%. The fund is up 33.8% this year to...

ISSN: 2151-1845 / CDC10004H

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