Saturday, 25 April 2015
Last updated 10 hours ago
May 4 2007 | 11:35am ET
RAB Capital has been busy putting the pieces in place for two new strategies to be launched within the next months. The firm has hired Bijal Shah and Dhaval Jhoshi for the new RAB Global Macro strategy.
Shah and Jhoshi most recently worked at Sociètè Gènèrale, where they ran a global strategy team, and will be joined at RAB by Marina Lavrov and Sajni Shah to support the new global macro team. The firm plans to launch the RAB Global Macro strategy in mid-year.
Also, John Woods and Mohamed Siddeeq will be joining RAB from HSBC to launch the Asian Credit Opportunities Fund. Woods most recently served as global head of credit research and strategy and head of absolute returns proprietary trading, and Siddeeq as co-manager of the $28 billion global high-grade portfolio at HSBC. The new strategy is launching in July 2007.
The firm declined to provide details on the new strategies.
In other RAB news, it declared $6.16 billion of assets under management as of May 1, an increase of 18% from the end of last year. Philip Richards, RAB’s chief executive, said, “Performance has been good across our range of absolute return strategies and we have experienced steady inflows.”
“Our largest investment strategy, RAB Special Situations, has reached assets under management of over $2 billion, and the combined assets in our RAB Energy and RAB Octane strategies exceed $1 billion,” he added. “In all we have fourteen strategies managing over $100 million apiece - two strategies, RAB European Dynamic and RAB-Northwest China Opportunities, having passed the $100 million mark this year.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…