WEST PALM BEACH, FL (www.hedgeco.net) – RAB Capital has unveiled a new hedge fund; according to the news reports the firm launched a new energy hedge fund which will focus trading activities onPre-IPO firms. The new fund called the RAB Octane fund will carry an initial lock-up period of one year, according to statements by the firm�s spokesman, Marc Popiolek.
Popiolek said, “This is an illiquid fund, and capacity is linked to the opportunities available�. Gavin Wilson, who also manages the first energy hedge fund established by RAB Capital, is managing the new strategy. The RAB Octane fund was seeded with about $55 million according to Gavin, and additional seed capital is currently being raised.
Popiolek said, �Decisions whether to open the new fund to new investors has not been taken. The fund may just solicit additional assets from the existing investors in the firm�s energy fund. The capacity limit of the new fund is expected to be in the range of $100 million.
Fee structure for the new fund has been established at 1.5 percent for management fee, and additional 20 percent for performance fee. The new strategy also carries a high watermark provision. Minimum investment requirement is $50,000. RAB Capital is also exploring possibilities of launching additional hedge funds that may focus on the index futures, but no details or time table has been established.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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