RAB Capital to launch two new Ucits funds

Hedge fund RAB Capital is launching two new Ucits-compliant funds this month. One is a version of the existing RAB Global Mining and Resources Fund, which invests in large-cap mining and resources stocks. The fund was up in the mid-20% area in 2010, having been up 79% in 2009 and down 40% in 2008. It will be joined by a new strategy in Ucits form, to be called the RAB Gold and Precious Equities Ucits Fund. RAB admits it thought long and hard over the strange name, “Precious Equities”,…