ABSOLUTE return asset manager RAB Capital has announced the planned launch of the RAB Global Mining and Resources fund, which will be led by RAB chief executive Philip Richards.
RAB Global Mining and Resources will trade mid- and large-cap equities long and short, with at least 90pc of the portfolio invested in companies with a market capitalisation of over $1bn and 50pc invested in companies with a market capitalisation of over $10bn. The fund will focus on the metals and mining sectors but the mandate also extends to other types of natural resources companies with the ability to hedge through futures and physical commodities. Philip Richards, currently manager of RAB Special Situations fund, will run the fund with the assistance of new hire Tiffany Essex, who...
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