RAB Capital's RAB Special Situations Fund, Special Sits get OK to undergo three-year lock-up

By Devika Patel

Knoxville, Tenn., Sept. 30 - RAB Capital plc said that investors in the Cayman-based RAB Special Situations Fund Ltd. and the Special Sits LP have voted by a considerable margin to approve a three-year lock-up.

The effect of the restructuring is to ensure the long-term stability of the strategy so as to provide a better prospect for the generation of value in the underlying investments, according to a company news release.

As of Sept. 25, the Special Situations strategy had $790 million in assets under management.

The group has $4.2 billion in total assets under management.

London's RAB Capital is an investment management company that offers a range of absolute return products.

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