RAB, BlueCrest lead the way in hedge fund share sales

Leaving aside bank robbery, there has seldom been a better way than through a hedge fund to make a vast pile of money in hardly any time at all.

Now, hedge funds, which have earned huge fees by trading virtually anything, are looking to dwarf those sums - by trading themselves.

RAB Capital Management, which had $1.1bn in assets early this year, has made its debut on London's Alternative Investment Market. The initial public offering raised £8m.

So what? Small companies stage IPOs all the time.