RAB Capital

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RAB Capital

Conservative Party donor

People

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

Internal

Reports

External resources

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

  1. Electoral Commission search
  2. Tulchan snatches RAB Capital brief from BPC&F, PR Week, 12 January 2006, acc 5 February 2014