Current news for this fund:
RAB Capital - energy and special situations
Count of distinct funds: 2
RAB Capital has now suspended redemptions on two of its funds, the Energy and Special Situations funds, reports the TimesOnline. Per the article:
Thus, the proposal to RAB Energy investors is to either opt-in to a three year lockup of their money or opt out and take the aforementioned redemption shares. Apparently, this proposal is similar to a deal that was offered the RAB Special Situations fund investors.
The RAB Energy fund, which "was worth more than 1 billion (GBP) at its peak", is down some 50% on the year. However, we do not know the same figures for the RAB Special Situations fund.
If you can provide further information on either, please let us know.
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
Important: This fund is on our list of hedge funds that are apparently ailing or which we think are worth watching for any other reason. Ailing funds haven't shut down, but they've suffered significant value declines and/or temporarily halted redemptions. Funds on watch may not even have unusual declines, but may be posted if it is felt there may be risk of developing a more serious condition eventually.