Cairn Capital Launches Sub-Financials Fund

Sep 26 2011 | 11:05am ET

London-based money manager Cairn Capital will launch a subordinated financials fund on October 3 with €45 million of committed seed capital from two of the firm’s existing investors.

UK-based Stanhope Pension Trust and the San Bernardino County Employees' Retirement Association have provided the startup capital for the new fund which will target returns of 15-25% annually, focusing on financial debt instruments—particularly legacy instruments within Europe.

The fund is intended to capitalize on the opportunities it sees in the sovereign and regulatory stresses currently affecting the market, taking advantage of recent selling pressure and high levels of dispersion, reports Hedgeweek.
 
Cairn has used the strategy to manage pension fund assets in segregated accounts since 2009.

Said Senior Portfolio Manager, Philippe Kellerhals: “We think that the asset class offers exciting opportunities longer term, but with particular value over the next 12 months. The market is under incredible stress at this point which is providing excellent entry points to certain assets that we think are mispriced, even under selected sovereign default and recessionary scenarios. Many of these assets are fundamentally sound but oversold."
 
The fund will be managed by Kellerhals, supported by financials analyst Folkert Jan van de Veer.
 
Cairn Capital has about $24.1 billion of assets under management and long-term advisory.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.