On the back of closing its Asian hedge fund last October (RAB-Pi Asia Fund), London-based RAB Capital is very much focused on its UK managed funds as it looks to consolidate its op
On the back of closing its Asian hedge fund last October (RAB-Pi Asia Fund), London-based RAB Capital is very much focused on its UK managed funds as it looks to consolidate its operations. The USD1.05billion fund manager has, in recent weeks, acquired Park Place Capital’s entire staff, and with it, the London-based firm’s flagship fund: Polaris Prime Europe. The team had apparently applied to launch the variable biased equity l/s hedge fund, which was first launched in 1997, in a UCITS format prior to joining RAB. Since then, the fund has been re-approved and is ready to launch under the RAB banner, but no precise details regarding dates are known at this stage. Certainly, with the meteoric rise in interest being seen in alternative UCITS, the decision to launch an onshore version of Polaris, with its significant track record, would appear shrewd. Hedgeweek knows of a number of confirmed UCITS that RAB intends to roll out and start trading over the next month, subject to regulatory approval. They include: A UCITS version of the RAB Global Mining & Resources Fund; the RAB Gold & Precious Equities UCITS Fund, a new offering, and finally a UCITS version of the RAB Europe Fund (RAB Prime Europe UCITS), which will be run in parallel with the Polaris Prime Europe fund following the integration of the Park Place team.
