Wednesday, 27 May 2015
Last updated 6 min 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%.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…