RAB Capital plc launches two UCITS III funds
04. Apr 2011
RAB Global Mining and Resources UCITS Fund RAB Gold and Precious Equities UCITS Fund 5th and 6th funds on LFG's Liquid Alpha UCITS Platform (LAUP)
LONDON / LUXEMBOURG, 4 April 2011
RAB Capital announces the launch of two new UCITS III funds: the RAB Global Mining and Resources UCITS Fund and the RAB Gold and Precious Equities UCITS Fund. The funds will commence trading on 11 April 2011 with an initial size of USD 100m across the two strategies: approximately USD 70m (Global Mining and Resources) and USD 30m (Gold and Precious Equities).
The RAB Global Mining and Resources fund will be launched with daily liquidity. It will follow the investment strategy of the Cayman-based RAB Global Mining and Resources Fund which has significantly outperformed mining indices since inception in November 2007. It will initially be available in British Pound, Euro, and U.S. Dollar share classes. The Fund, like the RAB Global Mining and Resources Fund, will be a long/short equity strategy focused on equity investments in larger capitalisation companies in the natural resource sector.
The RAB Gold and Precious Equities UCITS Fund will also be a long/short equity fund with daily liquidity focused on large to mid cap companies in the precious metals exploration and production sub-sector.
Both funds will use permanent hedging to protect capital and to reduce volatility. Hedging is usually a combination of main market indices and sector specific instruments.
RAB Capital has a team of 10 investment professionals dedicated to global natural resources with considerable experience in the sector. The portfolio management team have been significant investors in the mining sector since 2003 and have developed a deep expertise and a broad network of contacts in the industry.
As well as focusing on demand for specific commodities driven by the rapid urbanisation and industrialisation of China, India and other developing regions, the team are focused on the tightness in commodity markets resulting from supply constraints. The Global Mining and Resources Fund’s investment universe consists predominantly of base metals, precious metals, steel and ferrous metals, and energy mining.
The funds have been set up as Luxembourg UCITS III SICAVs in partnership with Luxembourg Financial Group (“LFG”) and will trade on LFG’s Liquid Alpha UCITS Platform (“LAUP”).
Charles Kirwan-Taylor, CEO of RAB Capital said: “We believe the natural resource sector is a particularly exciting one especially in the current environment where inflationary pressures are starting to emerge and supply constraints are beginning to bite. As our strategies are equity based they fit well within the UCITS framework.”
Gareth James, head of hedge fund solutions at LFG, adds: “We are really excited about bringing RAB to LAUP. They bring UCITS investors access to an exciting and relevant investment area which is not widely represented elsewhere.”
CONTACT
RAB Capital plc
James Duckworth-Chad
T: +44 20 7389 7115
jdc@rabcap.com
www.rabcap.com
Luxembourg Financial Group
Gareth James
T: +44 20 7337 2216
gareth.james@lfg.lu
www.lfg.lu
About Luxembourg Financial Group
Luxembourg Financial Group is a structured products boutique and specialist asset manager with offices in Luxembourg, London, Bahrain and Stamford CT. Its hedge fund division offers fund managers a range of solutions, from setting up UCITS III funds to certificate & Sharia wrapping and structured products. Delivering superior client service, transparency, innovation and product quality, Luxembourg Financial Group continues to expand its assets under management rapidly, with $5bn of assets under management or issuance.
Its in-house distribution platform for UCITS III funds, Liquid Alpha UCITS Platform (“LAUP”) is rapidly becoming the leading independent platform for UCITS hedge funds.
About Rab Capital plc
RAB Capital plc is an absolute return asset manager, with a focus on both the Natural Resource sector and a range of European strategies. Founded in 1999, it has been a public company since March 2004, traded on AIM.
RAB has $1bn of AUM, and an experienced team of 27 investment professionals, with an extremely well resourced infrastructure. RAB Capital has an Investment and Risk Committee providing oversight and monitoring of all funds and which comprises senior members of RAB’s Executive Board.
About The Funds
RAB Global Mining and Resources UCITS Fund, a sub-fund of RAB UCITS Funds SICAV.
Management Company: Luxembourg Financial Group Asset Management S.A
Investment Manager: RAB Capital PLC
Administrator & Custodian: Citi, Luxembourg
Auditor: KPMG, Luxembourg
RAB Gold and Precious Equities UCITS Fund, a sub-fund of RAB UCITS Funds SICAV.
Management Company: Luxembourg Financial Group Asset Management S.A
Investment Manager: RAB Capital PLC
Administrator & Custodian: Citi, Luxembourg
Auditor: KPMG, Luxembourg