RAB Founders To Prop. Up Special Situations

Aug 26 2011 | 9:56am ET

The founders of RAB Capital are throwing the firm’s flagship a lifeline to keep it from further antagonizing investors.

Michael Alen-Buckley and Philip Richards, the latter the fund’s manager, will invest an additional US$30 million in RAB Special Situations. The new investment will allow Richards to avoid having to side-pocket the fund’s illiquid assets.


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