Thursday, 24 July 2014
Last updated 6 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%.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…