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DER SCHAKAL laeuft bei TNG schon lange mit Tsuba aus MINING Journal_Online von heute: RAB Capital to launch mining fund ================================= RAB`s new long-short equity portfolio, will invest at least 90% of its portfolio in stocks above US$1 billion in size, and at least 50% in firms above US$10 billion British-based hedge fund firm RAB Capital said on November 1 it will launch a portfolio focusing on mid- and large-cap metals and mining stocks later this month. The RAB Global Mining and Resources fund, which will be run by RAB`s chief executive Philip Richards, will be launched on November 21 and will target returns of more than 20% a year, the firm said in a note. The fund, a long-short equity portfolio, will invest at least 90% of its portfolio in stocks above US$1 billion in size, and at least 50% in firms above US$10 billion. Shorting means betting on a lower price for a security in the future. Its main focus will be on the metals and mining sectors, although it will also look at other types of natural resources stocks, and it will be able to use both futures and physical commodities to hedge its positions. "Structural changes in the world economy, in particular the relentless commodities demand from China, and worldwide urbanisation, are driving the current commodities supercycle, and so far the supply response has been inadequate," RAB Executive Chairman Michael Alen-Buckley said in the note. Richards also runs the high-profile RAB Special Situations strategy, which was US$2.3 billion in size at end-June and was 70% invested in natural resources, into which RAB Special Situations is a feeder fund. Last month RAB said its assets under management rose 6% in the three months to end September to US$7.12 billion, up 75% on a year ago. (Reuters, November 1) |
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| aus der Diskussion: | TNG Limited vormals Tennant Creek |
| Autor (Datum des Eintrages): | Tsuba (05.11.07 10:45:20) |
| Beitrag: | 5 von 1,017 (ID:32287693) |
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