Sat, Nov 28, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Multi-manager firm sees ongoing volatility as 'just perfect' for hedge fund format

Friday, October 21, 2011

Carrie McCabe
Benedicte Gravrand, Opalesque Geneva:

New York-based Lasair Capital’s aim is to serve as an "investor to investors." Launched in 2008 with a Fortune 10 pension trust as a sponsor, the firm uses a unique long/short equity strategy.

To understand more about Lasair’s service and strategy, Greg Despoelberch went to see Carrie McCabe, founder of Lasair, for an exclusive Opalesque TV interview.

McCabe has been in the hedge fund industry for 25 years, starting at Bear Stearns trading in government securities, and including times as CEO at Blackstone and as head of Americas at Financial Service Management.

Lasair is not a fund of funds, she explains; instead it is an alternative asset management platform with a multi-manager hedge fund strategy approach. Funds of funds are over-diversified, she says, and "if you over-diversify you can end up getting a bond return for hedge fund risk." Lasair’s first silo is concentrated equity long/short.

She started her firm with an approach different from the rest: "We really believe and expect here that when our clients prosper, they prosper first and then we prosper with them; it is a subtle difference, but very important."

As far as she is concerned, long-only investing is old school. Her simile for long/short investing is that it is like inves......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November