RAB Posts Loss, But Assets, Returns Rise

Mar 24 2010 | 11:31am ET

RAB Capital took a beating last year, despite the strong performance of its hedge funds.

The London-based hedge fund posted a £6.95 million loss before taxes and exceptional items in 2009 as investors spent most of the year fleeing the firm. Assets under management slumped to US$1.26 billion by the middle of last year, down from more than US$7 billion just a year-and-a-half earlier.

But investors are returning to the firm—which saw assets rise to US$1.35 billion by the end of 2009—thanks in no small part to the turnaround in its performance.

RAB’s Energy fund soared 86.9% last year, and several other funds enjoyed high double-digit returns, as well. Its Global Mining and Resources fund jumped 76.5%, its Credit Opportunities fund 46.4% and its Emerging Market Opportunity fund 30.6%.

RAB CEO Stephen Couttie said the firm was on the lookout for possible acquisitions, and may soon jump on the UCITS III-bandwagon.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of