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Investors put new cash into RAB funds
29.07.09
RAB Capital, the hedge fund manager which lost a fortune on Northern Rock, is starting to see new cash coming into its coffers.
Hedge funds have seen a strong bounce back in the last three months, but clients withdrawing money and restructuring saw RAB's assets fall from $1.9 billion (£1.1 billion) in December to $1.3 billion at the end of June. Chief executive Stephen Couttie said he was “encouraged” by recent fund performances.
