Hedge Funds

Cairn taps into institutional demand as the opportunities come thick and fast in credit


The opportunity set in European credit is growing fast as the continent’s debt crisis goes from bad to worse

Tim Frost
Paul Campbell
The launch of a new fund targeting specific opportunities in the stressed European credit markets is the latest step in the development of Cairn Capital, the London-based specialist asset manager that is one of Europe’s leading players in the global credit markets.

The new Cairn Subordinated Financials Fund – which has been seeded by two major pension fund investors, one based in the UK and the other based in the US – began trading in October and focuses on subordinated financial debt, investing primarily in legacy instruments.