Chart of the month: RAM Capital Investments Ltd.


RAM Capital Investments Ltd., managed by the $1.5 billion arbitrage firm Ritchie Capital Management, generated a 0.3% return for the month of May, while many other hedge funds suffered losses.

A multi-strategy, market-neutral fund that incorporates global equity, fixed income, commodity, and foreign exchange markets, RAM Capital Investment Ltd. has outperformed both the Absolute Return arbitrage and macro indexes. Since its inception in September 1999, the fund has netted a a gain of nearly 120%. Thane Ritchie manages the fund from the firm's Chicago-area headquarters.