Times: RAB Capital's profits fall by 93% - Spear's Magazine

Times: RAB Capital’s profits fall by 93%

Annual profits of RAB Capital have fallen by 92.5 per cent to only £3.8 million after a slump in performance fees.

From the Times:

Annual profits of RAB Capital have fallen by 92.5 per cent to only £3.8 million after a slump in performance fees.

The London hedge fund manager, which also has been hit by the fall in commodity prices and by the woes of the small-cap corporate sector, said that assets under management had tumbled by 74 per cent to only $1.9 billion (£1.3 billion) at December 31. Stephen Couttie, the chief executive, blamed the fall, from $7.2 billion a year earlier, on a combination of investors redeeming assets from restructured funds and the effects of tumbling markets.

However, RAB insisted that it was well placed to recover.

To read the full story, visit timesonline.co.uk
 



 

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