Ritchie to shutter energy fund

Tue Nov 7, 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...

ISSN: 2151-1845 / CDC10004H

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