{"id":4970,"date":"2006-09-05T00:00:00","date_gmt":"2006-09-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-to-buy-out-rival-fund","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/09\/2006\/hedge-fund-to-buy-out-rival-fund.html","title":{"rendered":"Hedge Fund to buy out Rival Fund"},"content":{"rendered":"<p>  HedgeCo.Net (New York) &#8211; <span class=\"caps\">RAB<\/span> Capital, the European hedge fund management and investment firm, is planning the acquisition of $500m fund, Northwest Investment Management.<\/p>\n<div class=\"writeboardbody\">\n<p>    This buyout is <span class=\"caps\">RAB<\/span>\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s second, and largest acquisition since its founding in 2004, giving it increased exposure to the emerging markets. Last June, it bought Cross Asset    Management, which had around $200m assets under management, for \u00c3\u201a\u00c2\u00a39.5m.  <\/p>\n<p>    Northwest was created in 1998 and manages a number of funds, some investing in Asian emerging markets, with one focused specifically on Japan.  <\/p>\n<p>    The acquisition shows a great deal about the current trends in hedge fund growth. Since the volatile industry moved to the UK in the 1990s, it has rapidly developed into one of the most    influential markets in Europe. London is estimated to handle about $200bn in funds under management.  <\/p>\n<p>    <span class=\"caps\">RAB<\/span> disclosed in July that it was seeking to add to its portfolio. It said: \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe seek to advance the strategic development of <span class=\"caps\">RAB<\/span> Capital,    including the screening of several acquisition opportunities.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d  <\/p>\n<p>    <span class=\"caps\">RAB<\/span> Capital\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s principal activities are managing hedge funds and providing advisory and distribution services to the hedge fund management industry. Located in London,    they are one of the largest companies on Aim, and are unlikely to tap the stock market for money to fund the deal. They have almost \u00c3\u201a\u00c2\u00a3100m worth of cash on its balance sheet and has amassed more    than $4bn under management.  <\/p>\n<\/div>\n<p align=\"left\">\n<p align=\"left\">  Alex Akesson<br \/>  Contributing Writer<br \/>  HedgeCo.Net<br \/>  Email: <a href=\"mailto:Editor@hedgeco.net\">Editor@hedgeco.net<\/a> <\/p>\n<div align=\"left\">\n<p align=\"left\">    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<div align=\"left\">\n<p align=\"left\">      <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=      \"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong> and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>    <\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.Net (New York) &#8211; RAB Capital, the European hedge fund management and investment firm, is planning the acquisition of $500m fund, Northwest Investment Management. This buyout is RAB\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s second, and largest acquisition since its founding in 2004, giving it increased [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4970","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4970"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4970\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}