RAB set to launch Ucits version of Europe hedge fund

RAB Capital is set to launch a Ucits version of its Polaris Prime Europe Fund.

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The launch from the London-listed hedge fund will be through SEB Prime Solutions, a Sicav umbrella platform for Ucits funds launched in September last year.

RAB was founded in 2000 as a focused specialist asset manager and has been publicly traded on London’s Alternative Investment Market since 2005. The Polaris Europe Fund’s long/short equity strategy has returned 19% annualised since 2003, according to RAB. The firm said it expects to raise €100m for the Ucits fund.
 

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