Cairn Capital North America

Since our inception in 2011, Cairn Capital North America has been committed to building a company, investments and relationships of which we can be proud.

About Us

Cairn Capital North America is a full-service credit asset management firm and registered investment advisor.

Together with our sister company Cairn Capital Limited, we specialise in asset management and advisory services with an emphasis on the European credit market and are committed to service excellence.

Our focus is on the fundamentals, believing in the effectiveness of meticulous research, technical ability, robust infrastructure and intelligent innovation.

We couple this with what we call ‘delivery, defined’; investment strategies that meet the needs of our clients and investors, delivered in a timely, transparent and accessible manner.

We find that rigorous, incisive thinking, combined with outstanding services, builds relationships that grow and prosper.

Committed to building a company, investments and relationships of which we can be proud.

Our Approach

Since our inception in 2011, Cairn Capital North America has been committed to building a company, investments and relationships of which we can be proud.

We benefit from the extensive experience of our people to deliver the appropriate balance of focus on our core competencies: macro strategy; fundamental credit research; and structural and technical analysis.

We look to maintain our market position in order to optimize pricing, asset allocation, and idea generation for the benefit of investors.

Our risk management is proactive, disciplined and pragmatic, we have access to a robust and scalable infrastructure that our sister company, Cairn Capital Limited, developed in-house.

Overall, we focus on building sustainable value for our investors and those we advise through a combination of technical expertise and service excellence.

A cairn is our symbol as well as our name.
It stands as a marker, a hand-built from-the-ground-up approach to investing, the need for creativity, planning, coordination and hard work. It also stands for stability and keeping our feet on the ground.

Our Team

With significant experience and expertise in asset management and advisory services, our strong, stable management team focuses on technical expertise, meticulous planning and client service. Our policy is to employ the best and the brightest in our industry and our highly qualified teams focus on building sustainable value for our investors and those we advise.

Bruce Gehrlein

Bruce Gehrlein

North America

Bruce joined Cairn Capital North America in 2012 and is a portfolio manager in the firm’s asset management group. Before joining Cairn Capital North America, Bruce spent three and a half years as a portfolio manager at a structured credit hedge fund operated by Treesdale Partners. Prior to that, he spent 12 years at RBS Greenwich Capital in a variety of structured credit roles ranging from analytics to banking to trading. He also gained five years’ experience in mortgage products financial engineering at Credit Suisse First Boston.

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Evan Gerhard

Evan Gerhard

North America

Evan joined the structuring and advisory team at Cairn Capital North America in 2012, after spending a year and a half at UBS where he specialised in secured funding solutions. His experience also includes five years in a variety of credit structuring and trading roles at Lehman Brothers and RBS Greenwich Capital, in addition to two years in market risk management at SwissRe and Credit Suisse First Boston.

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Jacqueline Goode

Jacqueline Goode

North America

Jackie began working for Cairn Capital North America in May 2011 and is the Chief Compliance Officer and Chief Financial Officer. Prior to working for Cairn Capital North America, Jackie was a founder and managing partner of Spartan Capital Securities, LLC, a firm specialising in investment banking and trading for over three years. Prior to that, she was a managing partner at Ormes Capital Markets, Inc. and was responsible for compliance, accounting, operations, trading supervision, underwriting/syndication and institutional marketing in Ireland and the UK for over four years. Jackie has also served in various senior executive capacities over the last twenty years at several bulge-bracket and niche brokerage firms and investment advisors.

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David Littlewood

David Littlewood

North America

David has been at Cairn Capital since its inception and is responsible for Cairn Capital’s North American business. He is a director of Cairn Capital and a member of the Executive Management Committee. He was formerly co-Global Head of Structured Credit Products with the Royal Bank of Scotland and has extensive experience in credit, derivatives and structured finance. He was previously Head of Structured Derivatives at RBS and prior to that Head of Structured Finance at Hambros Bank.

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Richard Smola

Richard Smola

North America

Rick joined Cairn Capital North America in 2014 and is responsible for development of the firm’s Municipal Bond Management Group. Most recently, he spent five years consulting in business development and relationship management with Lord Abbett & Co LLC. His experience includes 15 years at Lord Abbett, where he became Partner and Director of Municipal Bond Management. Prior to Lord Abbett, Rick’s experience includes 10 years in a variety of credit, portfolio management and business development activities at both Aetna Life & Casualty and The Travelers Insurance.

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Cairn Capital North America

600 Summer Street
Stamford
CT 06901

Get in touch

Business continuity plan

Cairn Capital North America Inc. (“Cairn”) has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our Business Continuity Plan.

Contacting Us – If after a significant business disruption you cannot contact us as you usually do, at 203-302-7900 or via email atBCPinfo@cairncapital.com, you should call our alternative number 203-422-2037 or go to our web site at www.cairncapital.com for further instructions.

Our Business Continuity Plan – We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting Cairn’s books and records, and allowing our customers to transact business. In short, our Business Continuity Plan is designed to permit Cairn to resume operations as quickly as possible, given the scope and severity of the significant business disruption.

Our Business Continuity Plan addresses the following: data back up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, regulators and other significant third parties; alternate physical location of employees; critical supplier, contractor, bank and counterparty impact; and regulatory reporting.

Our affiliate, Cairn Capital, backs up our important records in a geographically separate area and provides technical services to Cairn including disaster recovery services. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by our affiliate that its objective is to restore its own critical functions and services within one business day, which will include those technology services provided to Cairn.

Varying Disruptions – Significant business disruptions can vary in their scope, affecting, for example, Cairn alone, the building in which Cairn’s office is located, the business district where Cairn is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption affecting only Cairn or the building housing our office, we will utilize the technical resources of our affiliate to resume operations remotely when needed and will target to recover and resume business within four to eight hours. In a disruption affecting our business district, city, or region, we will similarly resume operations remotely and will target to recover and resume business within one business day. In either situation, we plan to continue in business, transfer operations to an alternate location if necessary, and notify you through our web site at www.cairncapital.com or our customer emergency number, 203-422-2037, on how to contact us.

For more information – If you have questions about our business continuity planning, you can contact the Chief Compliance Officer at 203-302-7900 or at BCPinfo@cairncapital.com.

Regulatory disclosures

Neither this website nor the material contained herein shall be deemed an offer to sell or a solicitation of any investment products or other financial product or service, an official confirmation of any transaction or an official statement of Cairn Capital North America Inc. Any information contained in this website has been obtained from sources which we believe to be reliable but we do not represent that it is accurate or complete. This message is provided for information purposes and does not constitute an invitation, solicitation or offer to buy or sell any securities or investment. It is not intended to provide a basis on which to make an investment decision. In providing information on this website, Cairn Capital North America is not acting as your advisor or providing any services to you. Past performance is not a guide to future performance and returns. We accept no liability for loss arising from the use of this material. Nothing in this website is prepared in relation to your particular circumstances, and before making any investment or taking any action with respect to an existing investment you should consult financial, legal, accounting, tax and other advisors as appropriate. Unless stated otherwise, any market views or opinions expressed in this website are subject to change without notice.

Cairn Capital North America Inc., its affiliates and their respective officers, directors and registered persons may have an interest, position or effect transactions in any investment mentioned in this message.

Cairn Capital North America Inc. and the Cairn Capital logo are registered trademarks of Cairn Capital North America Inc. This website may also include the names or other trademarks and service marks of third party companies. You may not use any of the Cairn Capital or third party service marks or trademarks for any purpose without the written permission of Cairn Capital or the relevant third party.

This website is not intended for use by any person in any jurisdiction where the use of this website would be unlawful or in violation of local regulation.

ACCORDINGLY, IF YOU DO NOT AGREE TO THE TERMS OR IF YOU ARE IN A JURISDICTION WHERE USE OF THIS WEBSITE WOULD BE UNLAWFUL OR IN VIOLATION OF LOCAL REGULATION, PLEASE CLOSE THIS WEBSITE AND DO NOT FURTHER ACCESS OR USE ANY PORTION OF IT.

Privacy policy

The confidentiality of client information is an important concern of Cairn Capital North America Inc. (“Cairn”). We take precautions to safeguard personal client information at all times and the provisions of this privacy notice will apply to former as well as current clients. We recognize and respect the privacy of each of our clients and their expectations for confidentiality.

We collect, retain and use information that assists us in providing the best service possible. This information comes from the following sources:

• Account information upon the establishment of a relationship
• Supporting investment plans or other documentation
• Written, oral, electronic or telephonic communications and
• Account and transaction histories with us, our affiliates and others.

Cairn collects non-public information from client documentation or other forms; information about the client’s transactions with Cairn, its affiliates and others; and information Cairn may receive from other counterparties.

Cairn does not disclose any non-public personal information about its clients or former clients to anyone, except as permitted by law. Cairn restricts access to personal and account information to those employees and affiliates who need to know that information in order to provide products and services to our clients. We maintain physical, electronic and procedural safeguards that comply with industry and federal standards to safeguard and protect the privacy of non-public information of our clients. Third parties who have access to such personal information must agree to follow appropriate standards of security and confidentiality. Cairn requires that these third-party entities limit the use of the information provided to the purposes for which it was disclosed and permitted by law.

In addition, we may disclose non-public information to non-affiliated companies and regulatory authorities as required by law. For example, Cairn may disclose information to cooperate with regulatory authorities and law enforcement agencies, or to accountants or auditors as necessary to protect our rights and property. Except as described in this privacy policy, Cairn will not use your information for any other purpose unless we disclose how such information will be used at the time you disclose it, and/or we obtain your permission to do so.

Any questions or concerns regarding Cairn’s Privacy Policy should be directed to the Chief Compliance Officer at 203-302-7900 or via e-mail at IAcustqueries@cairncapital.com.