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Ritchie to shutter energy fund

November 07, 2006  



Ritchie Capital is planning to close its troubled Ritchie Energy portfolio after having received redemption requests that represented most of the fund’s capital.

According to a letter sent to investors by firm founder A.R. Thane Ritchie on November 6, “the Energy Fund cannot continue to operate in the ordinary course and must return capital to Investors as promptly as possible.”

Ritchie...

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