RAB Capital, the London-listed asset manager that has been
among the most prominent hedge fund casualties of the global
financial crisis, has revealed huge redemptions for its
once-flagship Special Situations strategy when it reopens in
October that will reduce the firm’s assets under
management by almost 40%.
The firm said today in a stock exchange announcement that it
expects 79% of the RAB Special Situations Fund to be repaid to
investors when the fund reopens for subscription and
redemptions on 1 October after going into suspension in 2008.
"Redemption notices equivalent to this amount were submitted by
investors before the deadline...