Sub debt still in demand as Cairn closes 'opportunistic' legacy fund

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Sub debt still in demand as Cairn closes 'opportunistic' legacy fund

Cairn Capital has closed its Cairn Subordinated Financials Fund, as the recovery in subordinated debt prices has made continued annualised returns of around 25% more difficult. But the asset class is still set to play an important role this year for investors looking to hit yield targets.

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