Sep 17 2010 | 1:22am ET
RAB Capital issued an earnings warning after the close of trading, and said that it would cut staff to reduce its costs.
The trouble London-based hedge fund said that its full-year loss would be larger than expected. RAB blamed a big drop in assets under management—the firm ended August with just $1.05 billion, down from $1.26 billion at the end of June and $1.35 billion at the beginning of the year—due to poor performance and investor redemptions.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…