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’RAB Cap’s last stand
If you were about to beg ask your investors to lengthen their commitment to your hedge fund you’d want things to be going well.
Pity then RAB Cap’s Philip Richards, the ‘R’ in RAB, who will go to next week’s investor vote on a longer lock-up period with this performance tidbit.
Free RAB Cap investors!
Would someone please rescue RAB Capital’s Special Situations investors? Fund manager Philip Richards is holding them captive and plans to do so for the next three years. Here’s the restructuring proposal published today:
Rock concert FAQ
Weather forecast for Tuesday in Newcastle upon Tyne: Light rain, maximum 9 degrees, minimum 4, visibility poor. Financial forecast: light grief, max share price 90p, minimum 84p, commercial visibility poor,
Lombard: Talking your Crock book
Always be careful when hedge funds put their mouth where their money is. Philip Richards, chief executive of RAB Capital, and Jon Wood of SRM Capital, another hedge fund, are fighting the corner for fellow shareholders in Northern Rock,
Gongs and gossip at the Eurohedge awards
The hedge industry is not short of its own back-slapping awards ceremonies, but the Eurohedge gongs, organised by Euromoney, seem to hold more prestige than most. So….to Grosvenor House, again, on London’s Park Lane,
Assets double at RAB and profits follow suit
RAB Capital, the London-listed hedge fund led by Philip Richards, reckons its pre-tax profits will have topped £50m during 2006 compared with £25.6m a year earlier, according to an “unaudited estimate”