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...