RAB announces euro share closure

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The newly formed European hedge fund manager, RAB Asset Management, has already closed one of its sha...

The newly formed European hedge fund manager, RAB Asset Management, has already closed one of its share classes after just a few months. The RAB Europe Fund Limited C share class closed to new investments at the end of February, having risen 50% since inception on 3 November 1999. Class C shares had a one-year lock-up and 1% management fees and 15% incentive fees. Class A and B shares remain open to new investments. They do not have a lock-in period but their charges are higher with 1.5% management fees and 20% incentive fees. Class A is euro-denominated and class B is US dollar-denom...

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