Ex-Blackstone Alts. Chief Preps New Hedge Fund

Feb 12 2008 | 12:22pm ET

A high-profile female hedge fund executive is preparing a new hedge fund for launch within the coming months.

Carrie McCabe, who cut her teeth as CEO of Blackstone Alternative Asset Management and FRM Americas, is currently raising money for her Lasair Capital, Reuters reports. The new fund is backed by GE Asset Management and boasts Tanya Beder, former head of Citigroup’s Tribeca Global Management, and John Myers, chairman of AG Asset Management, as advisers.

Lasair, the self-proclaimed “next generation” firm, is targeting institutional investors and said it will invest in hedge funds, infrastructure and timber assets.

It is unclear how much McCabe plans to raise for the new offering.

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