London-based alternative asset manager RAB Capital is launching two new absolute return UCITS funds.
The Luxembourg-domiciled funds, RAB Global Mining and Resources UCITS Fund and the RAB Gold and Precious Equities UCITS Fund, start trading on 11 April 2011 and will respectively launch with around $70 million and $30 million assets under management.
These are the latest UCITS funds to be launched by the $1 billion London-listed alternative asset manager. Earlier this year the firm launched the Prime Europe UCITS fund which replicated the established Polaris Prime Europe offshore fund.
The long/short mining fund follows the investment strategy of RAB’s Cayman-based