Saturday, 31 January 2015
Last updated 22 hours ago
Jun 30 2011 | 12:08pm ET
James Duckworth-Chad has fled the sinking ship that is RAB Capital for a hedge fund not in imminent danger of ceasing to exist.
A sales director at RAB for almost four years, Duckworth-Chad will join Chilton Investment Co., Dow Jones reports. The US$7 billion firm specializes in long/short equity investments.
RAB last week finalized plans to de-list from the Alternative Investment Market and become a private company. The firm will halve its staff and this week struck a deal to sell two of its hedge funds, holding on to just four. RAB said its assets under management will drop below US$200 million by October, down from US$7 billion four years ago.
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…