Difference between revisions of "RAB Capital"
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:At its peak in December 2007, Special Situations managed $2bn (£1.22bn), of which $200m was [[Lakshmi Mittal |Mittal family]] money, but the fund has now slumped to $470m. | :At its peak in December 2007, Special Situations managed $2bn (£1.22bn), of which $200m was [[Lakshmi Mittal |Mittal family]] money, but the fund has now slumped to $470m. | ||
| + | ===Other funds=== | ||
*RAB Special Situations Company Ltd (Cayman-based) | *RAB Special Situations Company Ltd (Cayman-based) | ||
*Special Sits LP (Delaware) | *Special Sits LP (Delaware) | ||
Revision as of 02:52, 10 February 2014
RAB Capital
Contents
Conservative Party donor
- Dr Liam Fox MP - Amount £10,000.00 from RAB Capital Ltd on 09/07/2013 Reported 06/09/2013 [1]
- Conservative and Unionist Party - Amount £50,000.00 on 28/03/2012
- Conservative and Unionist Party - Amount £10,000.00 on 07/03/2001
People
- Michael Alen-Buckley - Co-founder and Executive Chairman
- Phillip Richards - Co-founder
- Charles Kirwan-Taylor - Chief executive from September 2010, replacing Stephen Couttie
- Adam Grant - Finance Director and Chief Operating Officer
- Christopher de Mattos -Executive Director
Board
Former members
- Norman Lamont - was non-executive director from April 2004 until 2012
Funds
RAB Special Situations (Master Fund) Ltd
According to Hemscotts/MorningStar in 2011
- Following giant losses in 2008 and an exodus of clients in April this year, hedge fund manager RAB Capital has announced plans to delist RAB Special Situations from the stock market in an attempt to reduce costs and pursue a more flexible strategy. The fund manager has been forced to take this action as RAB Special Sits has never recovered from the financial crisis, when its significant holdings in Northern Rock and other losses prompted NAV to drop over 70% in 2008, compared to the 18% decrease seen at its FTSE World TR benchmark.
According to the Guardian in April 2011:
- RAB Capital said most clients in its embattled Special Situations fund – which is infamous for buying into Northern Rock before the lender's collapse, and which fell by 70% in 2008 – will pull their cash out when a three-year lock-up ends in October.
- Philip Richards, co-founder of RAB and manager of the fund, admitted: "We made mistakes in the runup to the crisis and that has been a chastening experience. We have learnt from it and are already using those lessons to the benefit of our investors.
- At its peak in December 2007, Special Situations managed $2bn (£1.22bn), of which $200m was Mittal family money, but the fund has now slumped to $470m.
Other funds
- RAB Special Situations Company Ltd (Cayman-based)
- Special Sits LP (Delaware)
- RAB Energy
Former
- RAB Europe
- RAB Global Macro
Lobbying and PR firms
- Grandfield - handled PR for the company's public flotation on London AIM (Alternative Investment Market) in 2004. Grandfield was later bought out by Chime in 2005
- Tulchan Communications - David Trenchard/Andrew Honnor - won brief from Bell Pottinger Corporate & Financial in January 2006 [2]
Internal
- Marc Popiolek - former Grandfield MD, moved to RAB Capital
Reports
External resources
- Simon Goodley, RAB Capital hedge fund swamped by customers demanding their money back, The Guardian, 6 April 2011
Affiliations
Contact details
- Name & Registered Office:
- RAB CAPITAL LIMITED
- 1 ADAM STREET
- LONDON WC2N 6LE
- Company No. 03694213
Previous Company names:
- Date of change Previous Name
- 02/09/2011 RAB CAPITAL PLC
- 04/03/2004 RAB CAPITAL LIMITED
- 22/06/1999 K.P.U. LIMITED
Resources
Notes
- ↑ Electoral Commission search
- ↑ Tulchan snatches RAB Capital brief from BPC&F, PR Week, 12 January 2006, acc 5 February 2014
