The London asset manager Cairn Capital Ltd. has hired Peter Hansell to run its soon-to-launched Ibex Fund, which will invest in commercial mortgage-backed securities.

Mr. Hansell was a managing director in Lehman Brothers' global real estate group. Before that he had run Standard & Poor's Corp.'s commercial mortgage-backed securities rating team in Europe. He also has worked in commercial real estate lending at Royal Bank of Scotland Group PLC.

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