RAB Strategy Chief Out

Jan 28 2011 | 11:10am ET

RAB Capital's chief strategist has left the hedge fund to join a research firm.

Dhaval Joshi was named head of European investment strategy at Montréal-based BCA Research, Bloomberg News reports. He will start his new job next month.

It is unclear whether Joshi's departure has anything to do with RAB's recent struggles. The firm's assets have plummeted to about US$1 billion, down from more than US$7 billion two years ago. Its CEO abruptly resigned in September, and earlier this month the firm canceled a planned new Asia hedge fund and laid off all but four of its employees in Hong Kong.

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