Archive for April, 2007
Hedge Funds: Ritchie to sell some assets to Reservoir Group for $1 bln
SAN FRANCISCO (MarketWatch) — Hedge fund firm Ritchie Capital Management LLC said on Thursday that it agreed to sell a big chunk of the assets in its main Multi-Strategy Fund to Reservoir Capital Group in a deal valued at roughly $1 billion.
Hedge Funds: Ritchie to sell some assets to Reservoir Group for $1 bln
SAN FRANCISCO (MarketWatch) — Hedge fund firm Ritchie Capital Management LLC said on Thursday that it agreed to sell a big chunk of the assets in its main Multi-Strategy Fund to Reservoir Capital Group in a deal valued at roughly $1 billion.
Hedge Funds: Ritchie to sell some assets to Reservoir Group for $1 bln
SAN FRANCISCO (MarketWatch) — Hedge fund firm Ritchie Capital Management LLC said on Thursday that it agreed to sell a big chunk of the assets in its main Multi-Strategy Fund to Reservoir Capital Group in a deal valued at roughly $1 billion.
Hedge Funds: Ritchie to sell some assets to Reservoir Group for $1 bln
SAN FRANCISCO (MarketWatch) — Hedge fund firm Ritchie Capital Management LLC said on Thursday that it agreed to sell a big chunk of the assets in its main Multi-Strategy Fund to Reservoir Capital Group in a deal valued at roughly $1 billion.
Ritchie to sell assets to Reservoir Capital for $1 bln
SAN FRANCISCO (MarketWatch) — Hedge fund firm Ritchie Capital Management said on Thursday that it agreed to sell a big chunk of the assets in its main Multi-Strategy Fund to Reservoir Capital Group in a deal valued at roughly $1 billion. The transaction creates a new entity called Rhone Holdings, L.P., which will purchase the assets in part with capital invested by Reservoir funds. Ritchie will manage this new entity, the firm explained in a statement. The agreement will help Ritchie return money to investors who have asked to redeem, it added. Ritchie’s Multi-Strategy Fund still holds other investments in private equity, life settlements, and real estate, and the firm said it will try to negotiate other deals to sell these assets.
Ritchie to sell assets to Reservoir Capital for $1 bln
SAN FRANCISCO (MarketWatch) — Hedge fund firm Ritchie Capital Management said on Thursday that it agreed to sell a big chunk of the assets in its main Multi-Strategy Fund to Reservoir Capital Group in a deal valued at roughly $1 billion. The transaction creates a new entity called Rhone Holdings, L.P., which will purchase the assets in part with capital invested by Reservoir funds. Ritchie will manage this new entity, the firm explained in a statement. The agreement will help Ritchie return money to investors who have asked to redeem, it added. Ritchie’s Multi-Strategy Fund still holds other investments in private equity, life settlements, and real estate, and the firm said it will try to negotiate other deals to sell these assets.