RAB To Announce Delisting

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.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR