Ritchie announces $1B deal with Reservoir Capital

Fri Apr 27, 2007

Ritchie Capital Management announced yesterday that it has closed a deal with Reservoir Capital Group to sell roughly half the assets of its flagship Ritchie Multi-Strategy Fund for about $1 billion.

Ritchie also told investors yesterday that it was in the process of wiring June 2006 redemptions out and that the...


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