China family swoops on RAB funds

FT London – One of China’s wealthiest families has swooped to acquire funds from the wreckage of London based RAB Capital in a move that will create one of the biggest new hedge fund startups this year.

The deal will catapult one of Asia’s biggest private conglomerates into the centre of the resurgent hedge fund industry and comes just days after RAB – once a posterchild for London’s hedge fund boom – was forced to delist from the UK Aim market because of client redemptions.

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