RAB U.K. Fund Managers Out

Mar 17 2009 | 3:22am ET

More changes are afoot at RAB Capital, as the hedge fund has replaced the managers of what little is left of its U.K. fund.

Mark Darell-Brown and Steve Thompson, who managed the fund to a 31% decline last year, will leave the London-based firm, the Financial Times reports. In their stead will step Simon Acton and Alex Condrington, the managers of RAB’s Europe Fund.

There’s not much managing left to do at Darell-Brown and Thompson’s former fund: RAB’s U.K. fund, which managed more than US$400 million just two years ago, now has less than US$5 million in assets after almost all investors pulled their money.

The departures at the U.K. fund follow co-founder Philip Richards’ decision last year to step down as CEO to focus on managing the firm’s flagships, both of which lost in excess of 60% last year.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...