Fri, Mar 27, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner