Aim-listed London-based hedge fund manager, RAB Capital, saw assets under management increase a stellar 50 per cent to $2.62 billion in the ...

Aim-listed London-based hedge fund manager, RAB Capital, saw assets under management increase a stellar 50 per cent to $2.62 billion in the year to 31 December 2005, up from $1.75 billion in 2004. Pre-tax profits were also very impressive, up 46 per cent to £25.6 million (2004: £17.5 million) on turnover of £56.9 million which increased 57 per cent on last year’s £36.2 million. Diluted earnings per share were up 43 per cent to 3.77p. This year too has started well for RAB. At 16 March 2006 estimated assets under management stood at approximately $3.2 billion, an increase of 22 per cent since the year end. During 2005, RAB acquired Cross Asset Management.