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Philip Richards

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RAB under cosh after £4 billion drains out

25.03.09
About £4 billion and more than 100 investment professionals have disappeared from RAB Capital, the London hedge fund admitted... more

Top hedge funds take battering over Madoff

16.12.08
Investment: There was grave embarrassment as Man Group insiders admitted the firm effectively breached its own standards to invest in and lose $360 million in the Madoff scandal... more

Edmonds ends White Nile's hunt for oil and turns farmer

05.12.08
One of the more extraordinary stock-market stories of recent years ends as ex-England cricketer Phil Edmonds stops his search for oil in Sudan and instead says he is trying his hand at farming in Africa... more

RAB counts the cost of falling assets as customers desert

14.11.08
Top London hedge fund RAB Capital was plunged into further crisis as it admitted fleeing customers and crashing stockmarkets have wiped out 75% of its assets under management... more

A year after Rock’s collapse, the verdict on key players

11.09.08
Analysis: A year ago, BBC News dropped a bombshell the City will never forget. Northern Rock, one of the country's biggest mortgage lenders, had run out of cash and was going cap in hand to the Bank of England for emergency funding... more

RAB fees cut on flagship fund

10.09.08
Finance: Hedge fund manager RAB Capital announced plans to slash the fees on its flagship Special Situations fund to stem a possible exodus of investors... more

RAB hedge fund chief Richards steps down

04.09.08
Finance: The multimillionaire hedge-fund tycoon who lost his investors a packet betting on the recovery of Northern Rock has stepped down as chief executive of RAB Capital... more

RAB sees capital nosedive to £12m as funds dwindle

30.07.08
Mayfair hedge fund who bet on Northern Rock's recovery report heavy losses in first six months... more

RAB profits to tumble as investors pull out cash

06.05.08
RAB Capital admitted today that it will miss its first-half profit targets by a mile ... more

Chairmen's pay on rocket fuel - and not just at BP

15.04.08
Fat-cat pay, or executive remuneration as they call it in the posher papers, is so last century... more

Hard man who stands to lose £64m on massive Rock gamble

20.02.08
Monaco-based multimillionaire Jon Wood is an unlikely champion of the dispossessed - and even allies in the fight against nationalisation seem wary of him ... more

Hedge funds: we'll block Branson's Rock rescue

15.02.08
The biggest shareholders in Northern Rock are threatening to block a rescue package from Sir Richard Branson - and force nationalisation... more

Darling to decide on Rock's fate within days

14.02.08
A decision on the future of the hapless Newcastle bank Northern Rock could be made within days... more

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