Ritchie Capital Management is preparing to offer to outside investors a multi-strategy, energy arbitrage hedge fund that it has been running within its flagship multi-strategy fund. The new fund will be open to direct investment on July 1.
The fund will primarily use futures and derivatives to place arbitrage trades in the power, natural gas, crude-refined products and weather derivatives sectors. It may also trade a small portion of energy securities, employing long/short equity, capital structure and distressed strategies.
At the same time, the Geneva, Ill.-based firm has also hired a new marketing executive. Dan Ragen, formerly a