RAB Capital to open two natural resources Ucits funds

Absolute return manager RAB Capital will launch two Ucits funds, bringing a regulated version of its Cayman natural resources fund to market and opening another investing in gold and precious metals opportunities.

RAB Capital is the latest manager due to launch an Ucits-compliant version of its flagship offshore fund, following in the footsteps of Quant Asset Management and Act II Capital LLC.

Using a platform provided by the Luxembourg Financial Group, with the first fund RAB Capital aims to echo the strategy used for its Cayman-based Global Mining and Resources Fund.

The original fund’s investment universe covers base, precious, steel and ferrous metals, as well as energy mining.

Like its offshore predecessor, the RAB Global Mining and Resources UCITS Fund will use a long/short strategy, focusing on equity investments in larger companies.

Set for launch on 11 April 2011, the fund will initially be available in sterling, euro, and US dollar share classes.

It offers daily liquidity, while a permanent hedging technique will be used to reduce volatility and protect capital, said RAB.

At the same time, RAB will launch a separate sub-set of its broader commodities fund. Sitting within the same SICAV umbrella, it will be managed by the same team as the RAB Global Mining and Resources UCITS Fund.

The RAB Gold and Precious Equities UCITS Fund will seek equity opportunities in precious metals exploration and production, using a long/short approach. It will focus on large to mid caps.

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