London-listed hedge fund manager RAB Capital has seen its assets under management rise 77% to $4bn (€3.2bn) in the 12 months to June, according to its interim financial statements.

Fee income for the first six months of 2006 increased by 190% from £9.4m (€13.8m) to £27.3m. Michael Alen-Buckley, the firm's co-founder and executive chairman, said income was typically higher in the second half of the year, when the firm accounted for any performance fees.