London-based credit asset manager Cairn Financial Products is now the successor collateral manager for White Marlin CDO 2007-1, a $1.2 billion investment grade corporate CDO.

Sailfish Structured Investment Management, which is a wholly owned subsidiary of Sailfish Capital Partners, has resigned as portfolio manager of White Marlin, according to a press release from Cairn. Because of the resignation, Cairn has assumed the rights and responsibilities under the portfolio management agreement effective from April 11. 

“We are delighted to become successor portfolio manager on White Marlin,” said David Littlewood, a director at Cairn. “This fits well with our current strategy of assuming replacement manager roles and providing advisory services in credit. We are well positioned to assume more successor management mandates of this type.”

Cairn has roughly $10 billion of assets under management in ABS, European leveraged loans and investment grade corporate credit.

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