WEST PALM BEACH, FL (HEDGECO.NET) – RAB Capital, a multi-strategy hedge fund company made its trading debut at the AIM stock market. The fund is owned by London Stock Exchange, according to publishedreports and the RAB stock held its own and gained value during the first trading day session. The stock was up almost 60% during the trading session.
RAB Capital was founded by Philip Richards and Alen-Buckley in 1999, the period marking the beginning of the technology stock meltdown. The company is a multi-strategy hedge fund manager; over the years assets managed by RAB Capital grew significantly. Today, RAB manages over US$1 billion in investor bassets employing an assortment of hedge fund strategies such as Global macro, Event Driven, and European high yield.
The company�s stock offering of initial 32 million shares began trading on March 16, at a price of 25p a share. At the close of the day�s trading session, RAB stock gained value as it closed the day at 39p a share. The management hopes to use the new capital generated through the stock offering to fund new projects, and possibly acquire new ventures.
RAB Capital also plans to launch new hedge funds in the coming months, but details about the new portfolios and their launch dates have not been provided.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and coming soon www.hedgefundemployment.com.
