Ritchie investors to miss out on auction proceeds

Fri Jan 18, 2008

Investors in Ritchie Capital Management’s 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 Ritchie’s 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...


The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.


Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now