View more on these topics

RAB Capital to close European dynamic fund

RAB Capital is to close its £2.8m European dynamic fund as it is no longer economically viable to run.

European dynamic is a Dublin-domiciled Ucits III Oeic launched in 2003. It is structured as a sub-fund of RAB Investment Funds.

The fund, which has an absolute return mandate, had been a strong performer until the summer of 2008. The credit crunch saw the fund suffer as the managers’ investment in financials fell badly and an over exposure to the mining sector also had an impact. The fund fell 54.2 per cent in 2008 alone.

The managerial pairing of Simon Acton and Alex Codrington began to invest more cautiously and failed to capitalise on the market recovery last year. The pair resigned in October 2009 with Julian Barrell taking over the management of the fund.

RAB Capital was unavailable for comment.


Fidelity European equity veteran Fraenkel-Thonet quits

Fidelity’s Thomas Fraenkel-Thonet is quitting the group’s European equity desk after 16 years and handing over his retail fund to rising star Matt Siddle. The US-national is understood to be leaving Fidelity because he wants to relocate his family to America. He is handing over his £464m Luxembourg-based Fidelity Funds European larger companies fund to […]

‘Don’t use a foreign route to sidestep the RDR’

Aifa has warned that firms should not see passporting into the UK under a foreign regulator as an easy route to try to escape the retail distribution review. In its paper, Advice Horizons, Aifa says some foreign regulators are often not as familiar with IFA issues as many countries do not have a large intermediary […]

St James’s Place considers Primrose payout

St James’s Place is looking to compensate at least some investors who have lost up to £5m following the collapse of Primrose Associates, Money Marketing understands. Around 20 investors claim to have lost out after investing in the mortgage brokerage which was run by SJP partner Peter Carron. Primrose Associates was put into liquidation in […]


Failed AIA bid costs Pru £377m

Prudential has revealed that its failed bid for AIA has cost the company £377m as it boosted its dividend and posted profits across the group. The figure for the cost of the AIA deal does not include expected tax relief of £93m on the aborted transaction. In a teleconference this morning announcing Pru’s half year […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm