AIMing for the City

Rab Capital's London flotation seems to have paid off with a 72% share price rise to mid May, but the management is not prepared to rest on its laurels

For Rab Capital, the first stand-alone hedge fund group to float on London's Alternative Investment Market (AIM), listing was always the ultimate goal, even from the company's earliest days.

When the firm was set up in 1999 by founding principles Philip Richards and Michael Alen-Buckley, with just Christopher de Mattos and Schehrezade Sadeque as managers, plus a secretary, there was definite intention to build a diversified firm with a solid foundation rather than a niche player.

"The plan was to

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