Believe it or not ... Ritchie is looking for capital


In a move bound to annoy Ritchie Capital's aggrieved investors, early this month the firm announced the launch of a quantitatively based equity fund.

The Ritchie Equity Market Neutral fund opened to outside investment on November 1. Raising capital might be difficult for a firm that is in a heated battle with current clients over how best to liquidate their investments.

Moreover, Ritchie's attempt to raise new money occurred almost simultaneously with an announcement of the impending closure of its troubled Ritchie Energy portfolio, which came after the firm received redemption requests for most of the energy fund's