Cairn Capital`s core business is the management of portfolios of asset backed securities, investment grade and crossover corporate credit, and leveraged loans in cash and synthetic form. It manages these either directly for clients or as collateral pools for public and private transactions. Cairn Capital`s portfolio management expertise is deployed to replace existing management arrangements in third party transactions.
As at Cairn Capital manages the following portfolios:
- Approximately US$8.1 billion* of investment grade corporate CDS relating to 9 private single tranche CSO trades at equity or junior mezzanine level, employing approximately US$490 million of investor capital
- Approximately US$10.8 billion* of investment grade corporate CDS relating to 9 public market transactions, employing approximately US$1.6 billion of investor capital
- Approximately US$6.7 billion* of ABS relating to 8 public deals
- Approximately $1.1 billion of European leveraged loans
As at Cairn Capital acts as successor manager for the following portfolios:
- Approximately $1.2 billion of corporate synthetic CDO obligations
* At date of issue
Note: Delta weighted for synthetic portfolios
