Early October saw the launch of RAB Capital's fourth hedge fund, the RAB UK fund. The fund will employ an investment philosophy similar to that of the firm's European fund that is managed by Philip Richards and Scheherezade Sadeque.
The UK fund is managed by Steven Thompson and Mark Darell-Brown, who joined RAB in August from Merrill Lynch Investment Managers. They are targeting annual returns of 20% with low volatility.
The fund is domiciled in the Cayman Islands and listed on the Irish Stock E