Tested by the Storm (Creditflux)
Story date: 2008.1.15
Credit fund managers have become accustomed to the idea that the unthinkable might happen. For Cairn Capital the unthinkable happened a little over six months ago. SIVs and SIV-Lites were in dire trouble and Cairn was the manager of a SIV-Lite. The rest as they say, is history.
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