AIM high for a floating target

public listing

In March, RAB Capital floated on the Alternative Investment Market (AIM), the London Stock Exchange's global market for smaller, growing companies.

Nothing remarkable about that, except for the fact that RAB Capital is a hedge fund manager…and that the value of its shares rose by 62% in four days and proceeded to more than double within six weeks. Since then, the price has settled back somewhat.

The hedge fund sector is clearly hot - according to Morgan Stanley, $40bn was put into hedge fund

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