Credaris fund and team move to Cairn

London-based credit manager Cairn Capital has announced that it is taking over management of the Credaris Credit Fund along with the team that manages the long-short European credit fund. The fund’s principal portfolio manager Sam Cowan is rejoining Cairn, where he used to work, from Credaris, which is also based in London. The other four members of the Credaris team who are moving to Cairn Capital are Graham Neilson, who joins as chief investment strategist, analysts Beth Fusco and Helen Rodriguez, and Lindsey Hobday, who joins the investor relations team.

The announcement quotes Credaris chief executive Andrew Donaldson as saying that Credaris has chosen to novate the management agreement to Cairn Capital because of Cairn’s expertise and enviable reputation for credit risk management.