RAB Capital performance fees rocket

RAB Capital has grown its assets by 52% from June 2004, and sits managing $2.26bn, according to the latest interim results to 30 June from the London-based, AIM-listed hedge fund group. The company added that the increase in assets is not purely through inflows - Rab pointed out that its accrued performance fees from its 15 funds were "more than five times higher than this time last year." The group has also raised its pre-tax profit by 140%, compared to the six months to June 2004, to £5.5m. Among its funds, only Rab Europe has declined significantly in assets under management, falling ...