RAB Special Situations (Master) Fund

RAB Special Situations (Master) Fund is a prominent hedge fund managed by RAB Capital, specializing in 'special situations' investments across the natural resources and life sciences sectors. The fund was particularly active on the London Stock Exchange's Alternative Investment Market (AIM), where it acted as a cornerstone investor for numerous emerging biotechnology and mining companies. At its height, it was recognized for its aggressive, high-conviction investment strategy led by founder Philip Richards. However, following the 2008 global financial crisis, the fund experienced significant losses and liquidity issues, leading to its eventual restructuring and the delisting of its management company.