Tue, Sep 27, 2016
A A A
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

amb
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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style