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RAB takes drastic action to survive meltdown
Published November 23, 2008, 3:43 am, Guardian Unlimited
RAB Capital, the second-biggest investor in Northern Rock before the bank was nationalised, has taken radical action to try to survive the financial meltdown by slashing the number of funds it runs and locking investors into others. As a result of the action instigated by new chief executive Stephen Couttie, the group will have $2bn (£1.35bn) of funds under management by the end of the year ...
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RAB Capital surges on cost savings, balance sheet - Lexington Herald-Leader
LONDON -- Shares of RAB Capital PLC surged 29 percent Friday morning after the hedge fund announced it would save money by closing a number of troubled funds and revealed its balance sheet was stronger than analysts had expected. RAB said the funds ...
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