Funds Hub
Money managers under the microscope
Safe approach pays well for RAB
RAB Capital’s results this morning — showing an expected 32 percent fall in assets but signs of net inflows into its single-strategy hedge funds — also reveal how its managers are positioning their portfolios.
Despite a further 5 percent performance loss year-to-date at Special Situations, after last year’s big losses, performance at RAB’s other funds has been strong — the Energy fund is up 55 pct, the Global Mining fund 42 pct, the Gold and European Credit Opportunities funds 20 pct in H1.
Rising commodity prices have helped, as has an easing of the illiquid markets in which Special Situations found itself caught last year.
Nevertheless, the name of the game this year has been taking few big directional bets, although some have gradually been put on as the year has progressed.
