Friday, 4 September 2015
Last updated 7 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…