Tuesday, 21 October 2014
Last updated 5 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...