Performance

RAB income tumbles, but assets start to stabilise

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RAB Capital, the London-listed fund manager, has reported a 58% fall in net income to £18.2 million in 2009 from £43.1 million in 2008 in the announcement of its audited results for the year ended 31 December.

However the company also revealed a reduced after-tax loss of £3.1 million in 2009, down from an after-tax loss of £17.1 million in 2008, and a reversal of the earlier steep decline in its assets under management.

The firm said the negative trends in AUM flows had been reversed in the last few months, with AUM rising slightly to $1.35 billion at the