Wrappers / Structures

RAB lines up UCITS launches after Park Place Capital lift-out


 Charles Kirwan-Taylor
RAB Capital, the $1 billion London-listed hedge fund firm led by executive chairman Michael Alen-Buckley and CEO Charles Kirwan-Taylor, is lining up to launch a UCITS-compliant version of Park Place Capital’s Polaris Prime Europe long/short equity fund following the firm’s recent absorption of the long-running Park Place hedge fund team.

Over the past month or so, RAB has taken on Park Place’s entire staff, along with the latter’s flagship fund, Polaris. The move, which did not involve a formal acquisition, has provided RAB with a new management team for its existing European long/short