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 23rd March 2009 Cairn Capital manages or provides advice in respect of the following portfolios:
- Investment grade corporate CDS relating to public and private market transactions including approximately US$1.2 billion of corporate synthetic CDO obligations
- Approximately US$5.3 billion of ABS relating to 7 public deals
- Approximately US$900 million of European leveraged loans
- Approximately US$14 billion of ABS in a number of portfolios
As at 23rd March 2009 Cairn Capital acts as successor manager for the following portfolios:
- Approximately US$1.2 billion of corporate synthetic CDO obligations
- Approximately US$2.9 billion of ABS relating to 3 public deals
