Launches & Closures

RAB launches Prime Europe UCITS fund

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The $1 billion London-listed hedge fund firm, RAB Capital, is launching a new UCITS fund using SEB Prime Solutions.

The Prime Europe UCITS fund replicates the established Polaris Prime Europe fund.

Polaris was Park Place Capital’s flagship fund and over the past few months, RAB took on Park Place’s entire staff in a move which did not involve a formal acquisition (read earlier story from our sister publication EuroHedge here).

The launch of the Prime Europe Fund will complement RAB’s plans for a range of UCITS versions of its funds, among them RAB Global Mining and Resources, RAB