Tim Frost, a veteran of the European credit industry who retired from JPMorgan in March, has been linked with Cairn Capital, a newly minted credit asset manager in London. Former colleagues and rivals said Frost has been inundated with offers from hedge funds and one professional speculated that he is likely taking a consulting role rather than a full-time position. Frost declined comment.
Cairn Capital was founded earlier this year by David Littlewood and David Henriques, previously global co-heads of structured credit products at Royal Bank of Scotland in London. Andrew Jackson, previously in the structured product group at Bank of America in London, is also on board. Littlewood and Jackson declined further comment and Henriques was on holiday and could not be reached.
Frost left JPMorgan, where he was head of European credit trading and research. At the time, there was speculation that he might pursue a political career in the U.K. by seeking a Conservative party nomination for a seat in the House of Commons.
