MONEY MANAGEMENT

PAAMCO names managing director to focus on business opportunities, special projects

Carrie McCabe joined hedge funds-of-funds manager Pacific Alternative Asset Management Co. as managing director on Monday.

It is a new position and in it, Ms. McCabe will focus on business opportunities and special projects, said Jane Buchan, a PAAMCO partner and the firm’s CEO.

“Carrie has deep business development, investment and product development skills and will be a tremendous asset to PAAMCO,” said Ms. Buchan said in the news release.

Ms. McCabe was founder and CEO of Lasair Capital, a hedge funds-of-funds firm that closed in 2012.

PAAMCO manages about $10 billion in discretionary assets and advises on an additional $12 billion.