Saturday, 30 July 2016
Last updated 7 hours ago
Jul 2 2010 | 11:47am ET
A year after slashing its presence in Asia, RAB Capital is re-upping in the region, hiring a top Citigroup executive to head its Hong Kong office and raising hundreds of millions of dollars for a new Asia-focused hedge fund.
David Seex, a longtime Citi alternative investments executive and head of its Asia alternatives business, will lead the US$1.4 billion London-based firm’s fundraising effort, as well as the development of its new “deep-value fund,” the Financial Times reports. That fund, headed by a team hired last year by RAB, is on track to raise US$200 million by the end of the year.
And that’s just the beginning. RAB, which sold its Northwest Investment Management business last April, is planning a series of Asia-focused hedge funds for launch this year.