RAB income tumbles, but assets start to stabilise

Wed Mar 24, 2010

RAB Capital, the London-listed fund manager, has reported a 58% fall in net income to £18.2 million in 2009 from £43.1 million in 2008 in the announcement of its audited results for the year ended 31 December.

However the company also revealed a reduced after-tax loss of £3.1 million in 2009, down from an after-tax loss of £17.1 million in 2008, and a reversal of the earlier steep decline in its assets under management.

The firm said the negative trends in AUM flows had been reversed in the last few...

ISSN: 2151-1845 / CDC10004H

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