RAB To Delist As Redemption Requests Rise

RAB Capital will delist from the U.K. junior market after receiving many redemption requests from investors.

RAB Capital will delist from the U.K. junior market after receiving many redemption requests from investors, Financial Times reports. The firm, which at the beginning of 2011 managed assets of just over $1 billion, received initial redemption requests of $370 million from the flagship Special Situations fund in April.

RAB, run by former-Credit Suisse executive, Charles Kirwan-Taylor, has also seen outflows from its $120 million Cross Europe fund and the resignation of one of its remaining money managers, Gavin Wilson. RAB managers are expecting investors to take out $250 million from Wilson’s Energy fund due to his departure.

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