RAB Capital, the UK hedge fund manager that floated in London last March, expanded its assets under management to $1.75bn (€1.3bn) by the end of last year, up $1bn from a year earlier.

The growth in assets drove a 53% growth in management fees to £10.1m (€14.5m). Combined with positive investment returns, the asset growth contributed to an increase in performance fees to £25.6m.