Bought at: 13p (November 2010)
Sold at: 10p (June 2011)
THIS IS THE FIRST OF two investments featured in this book which, for varying reasons, did not work out. I’ll reveal my thinking behind the investments – and what can (hopefully) be learnt from them. After all, as investors we must try to learn as much from our mistakes as our successes.
RAB Capital was a hedge fund manager that had been very successful in the early 2000s but came unstuck in the close of the decade with some bad calls – among them an investment in British bank Northern Rock.
The company was founded in 1999 and had very strong investment returns up to the end of 2007. It was best known for its Special Situations Fund, which since ...