Tuesday, 3 March 2015
Last updated 10 hours ago
Jan 18 2011 | 8:20pm ET
Troubled hedge fund RAB Capital is turning to the booming UCITS III-compliant arena in an effort to rebuild its asset base.
The London-based firm, which has seen its assets dwindle from more than US$7 billion to about US$1 billion, plans to launch its first UCITS fund, according to published reports. The firm has been mulling a move into the UCITS space since last year.
RAB’s expansion into UCITS comes as it cuts back on its exposure to Asia. The firm last month made its second round of job cuts in the region and shelved plans to launch a new Asia-focused fund, leaving the firm without a fund dedicated to the region.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…