The crisis at RAB Capital, the AIM-listed asset manager that
has been one of the principal hedge fund casualties of the
financial meltdown in 2008, took a further lurch for the worse
this week as the group revealed yet more redemptions in its
fast-depleting stable of funds and the departure of Gavin
Wilson, the manager of the firm's flagship RAB Energy Fund.
Just a few weeks after revealing redemptions of 79% in its
once-flagship RAB Special Situations Fund once the three-year
lock-up on investors expires later this year - amounting to
$360 million out of the $460 million left in the fund - the
firm said it had also received significant redemption notices
for the long-running RAB...