RAB Capital Posts Modest Gains After Tough 2008
| August 2nd, 2009 | ||
| In its second quarter letter to investors, RAB Capital plc highlighted its resolve to rebound from its losses in 2008. RAB Capital’s funds have performed fairly well this year through 6/30/09, with 12 of 13 funds posting positive gains. The top performing funds were the RAB Energy Fund and the RAB Global Mining and Resources Fund, which posted returns of 54.78% and 41.7%, respectively. Increased market volatility has forced the hedge fund manager to take on lower levels of directional risk. In addition, devaluations in the firm’s RAB Special Situations Fund, which invests in some private companies, has led it to seek more liquid positions. On the operational side, over the first half of 2009, the firm completed the sale of its Asian-focused investment management business Northwest and appointed Adam Grant as Chief Operating Officer. Mr. Grant, who will take the titles of Director of Finance and COO, will help develop the firm’s “strength of infrastructure.” His background includes positions at commodities trader Noble Group and investment bank Morgan Stanley. | ||
See Press Release | ||
For Detailed Investor Profiles on these Investors, click below: |
RAB Capital plc |
Related People: Michael Alen-Buckley;
Related Entities: RAB Energy;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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