Ritchie diversifies its offerings

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Ritchie Capital Management, the $1.2 billion hedge fund operation run by A.R. Thane Ritchie, is preparing to roll out a series of hedge funds that will be tied to the individual trading strategies that make up its flagship multi-strategy vehicle. The initiative is one of a few that the Geneva, Illinois, firm is pursuing to build out a diversified alternatives investment firm.

The new fund family will give investors a chance to pick and choose their strategies and, eventually, to invest in customized multi-strategy funds. The vehicles will also provide the portfolio managers of the individual strategies, within