Thursday, 23 October 2014
Last updated 1 hour ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...