Investors in Ritchie Capital Managements
Multi-Strategy Fund are expected to recoup very little of the
capital invested in life policies, after a January 9 auction of
these assets failed to raise more than is owed to creditors,
said Ritchie in a January 15 letter to investors.
In a second letter, also dated January 15, Thane
Ritchies Lisle, Ill.-based hedge fund shop announced that
it had filed a motion to dismiss the petition for involuntary
bankruptcy of the multistrategy fund filed by three investors
that lent the fund...