Tuesday, 23 September 2014
Last updated 10 hours ago
Jun 20 2011 | 2:01am ET
The next step in RAB Capital's fall from grace is set to come this week, when the once-high-flying hedge fund confirms its plan to delist its shares.
London-based RAB, among Europe's biggest and best-performing hedge funds until 2008, has said in May that it would likely pull its shares from the Alternative Investment Market. The firm now plans to continue its uphill struggle for survival as a private company, Reuters reports.
In April, RAB said that investors would pull 79% of the assets remaining in its flagship Special Situations Fund, leaving the once-US$2 billion fund with less than US$100 million in assets. According to Reuters, most of its other funds are even smaller than that, leading to the distinct possibility that RAB will not be able to continue at all.
The firm has six funds with less than US$100 million, excluding Special Situations. Its largest remaining fund after Special Situations finishes paying out its redemptions will be its Energy Fund, with US$247 million.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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