Saturday, 23 August 2014
Last updated 15 hours ago
Apr 30 2010 | 1:05pm ET
Even as they return to the hedge fund industry in general, investors appear unconvinced that RAB Capital has turned a corner.
The London-based hedge fund said its assets held steady during the first four months of the year, as redemptions balanced inflows and strong returns. The firm said it managed US$1.35 billion today, down from more than $7 billion just 16 months ago, Reuters reports.
Investors pulled US$53 million from RAB funds between January and April. Other investors and the markets added about US$50 million.
RAB also said that only 5% of investors in its troubled Special Situations flagship sold their stakes at a recent auction. Less than 15% attempted to do so, but refused to accept the low prices on offer. RAB has restricted redemptions in Special Situations since it lost 70% in 2008.
The fund is up 3.5% this year. RAB’s other funds are doing even better, with its energy funds up 18.5% and 14% and its Credit fund up 9.5%.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note