{"id":3884,"date":"2006-01-23T00:00:00","date_gmt":"2006-01-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-firm-rab-capitals-assets-profits-rise","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2006\/hedge-fund-firm-rab-capitals-assets-profits-rise.html","title":{"rendered":"Hedge fund firm RAB Capital’s assets, profits rise"},"content":{"rendered":"

Reuters – UK-listed hedge fund manager RAB Capital (RAB.L: Quote<\/a>, Profile<\/a>, Research<\/a>) posted a 50 percent gain inassets under management on Friday, estimated a 43 percent pretax profit rise for 2005 and said it was confident about prospects for this year.<\/p>\n

The figures were in line with analysts’ expectations, but RAB’s strong growth in assets still might surprise some industry observers after the hedge fund industry turned in a poor average performance last year and several U.S. funds collapsed in high-profile scandals.<\/p>\n

RAB’s funds averaged returns of more than 11 percent last year, compared with an industry average of 7.6 percent, according to index compiler U.S-based CSFB\/Tremont.<\/p>\n

Figures are not yet available on the industry’s overall growth in assets in 2005. Britain’s Man Group (EMG.L: Quote<\/a>, Profile<\/a>, Research<\/a>), the world’s largest listed hedge fund company, last week reported a 12 percent rise in assets in the past year to $45.8 billion.<\/p>\n

RAB’s assets under management rose to $2.62 billion at the end of December from $1.75 billion at end-2004 and $2.26 billion at end-June.<\/p>\n

“If you increase your assets by 50 percent, you’d expect a 50 percent increase in profits,” RAB Chief Executive Philip Richards told Reuters. “I’m not forecasting that for 2006, but it’s a reasonable working assumption.”<\/p>\n

Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Reuters – UK-listed hedge fund manager RAB Capital (RAB.L: Quote, Profile, Research) posted a 50 percent gain inassets under management on Friday, estimated a 43 percent pretax profit rise for 2005 and said it was confident about prospects for this […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3884","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3884"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3884\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}