Cairn hedge fund launch imminent

Cairn Capital, the credit-focused asset management and advisory business, plans to launch its first hedge fund on March 1.

Paul Campbell, a director at Cairn, said capital raising for the fund, called Credit Opportunities Fund, was well advanced. The London-based company aims to launch the fund with up to €200 million in start-up capital.

Cairn is also on a recruiting drive. At the start of February, it hired former JP Morgan credit trader Duncan Needham as a collateralised debt obligation (CDO) manager in its asset management division. Needham will primarily manage synthetic CDOs for institutional investors.

In January, Cairn recruited James Starky, formerly Banque AIG’s associate general counsel covering derivatives, capital markets and structured finance in Europe and Asia, as an in-house lawyer.

Meanwhile, Campbell said the company plans to structure and issue a public CDO transaction in the near future. It has previously conducted private CDO deals.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here