RAB Eyes Institutions To Rebuild Asset Base
Friday, January 8, 2010 : PermalinkWSJ – London-listed asset manager RAB Capital (RAB.LN) is planning to rebuild its depleted asset base by targeting institutions in Europe and pushing the marketing of four of its strong-performing funds, following a year of dramatically restructuring its business model.
Last year, RAB cut six hedge funds and three funds of funds, and dropped its ambitions to manage retail money.
“To a certain extent a lot of the hard work has been done last year in focusing the business,” RAB Chief Executive Officer Stephen Couttie said in an interview with Financial News.
