Carrie McCabe formed a new fund-of-funds manager, Lasair Capital, said a source who declined to be identified. Lasair Capital will invest in hedge funds, infrastructure and timber securities for institutional investors. Ms. McCabe was CEO of U.S. operations for hedge fund-of-funds manager FRM until November 2006.
GE Asset Management reportedly is backing Lasair Capital. GE Asset’s former CEO, John Myers, is advising the new firm, along with Tanya Styblo Beder, former CEO of Tribeca Global Management, Citigroup’s now-defunct multistrategy hedge fund manager. Ms. McCabe did not return a call seeking more information, and Mary Beth Grover, a Lasair Capital spokeswoman, declined to comment. Chris Linehan, a GE Asset spokesman, declined to comment on GE’s involvement.
