Credit specialist Cairn racks up 40% return in first year with financials subordinated debt strategy
Mon Nov 26, 2012
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
ISSN: 2151-1845 / CDC10004H
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