RAB Rakes In Profits, AUM in ‘06

Jan 18 2007 | 10:15am ET

U.K.-based RAB Capital Group nearly doubled up on its profits and assets under management last year, according to its unaudited estimates.

RAB’s 2006 pre-tax profits are expected to exceed £50 million (US$98.2 million), up 95% from £25.6 million for 2005. “After an excellent opening four months, trading in 2006 became more challenging during the summer period, but conditions improved significantly in the fourth quarter,” according to the firm.

“Overall performance for the year was generally strong among RAB’s leading investment strategies. RAB now has a diverse range of absolute return strategies, including two multi-strategy, and 10 single-strategy vehicles with assets of over $100 million.”

The firm’s assets under management at the end of December were US$5.18 billion, an increase of 98% compared to the $2.62 billion reported for Dec. 31, 2005. “Net asset inflows, strong in the first half, were somewhat slower thereafter but revived in the final quarter and included a long term allocation of US$200 million by Mittal family trusts to RAB Special Situations,” the firm stated. “Northwest Investment Management, acquired in September, made a small positive contribution to group earnings.”

RAB Capital was founded in 1999, and floated on London’s Alternative Investment Market in March 2004. The firm has 12 absolute return strategies with assets in excess of $100 million and also manages the AIM-listed RAB Special Situations Company.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note