Saturday, 22 November 2014
Last updated 1 day 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%.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...