Sunday, 28 December 2014
Last updated 3 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.