{"id":6948,"date":"2008-01-03T00:00:00","date_gmt":"2008-01-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ritchie-capital-defends-hedge-fund-warns-investors-legal-action-could-damage-value","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2008\/ritchie-capital-defends-hedge-fund-warns-investors-legal-action-could-damage-value.html","title":{"rendered":"Ritchie Capital defends hedge fund, warns investors legal action could &#8216;damage value&#8217;"},"content":{"rendered":"<p>  Chicago Tribune- A week after some investors tried forcing it into bankruptcy, Lisle-based Ritchie Capital defended management of its multi-strategy hedge fund and warned other investors that the  group&#8217;s legal action could &#8220;cause further damage to the value of your investment.&#8221;<\/p>\n<p>  In a letter to investors on Monday, Ritchie Capital assured that its multi-strategy fund &#8212; which is the target of last week&#8217;s involuntary bankruptcy filing &#8212; &#8220;is not insolvent or at risk of  insolvency, and it has met all its obligations&#8221; to investors.<\/p>\n<p>  Last week, in the U.S. Bankruptcy Court for the Northern District of Illinois, three investors with total claims of $46 million filed an involuntary Chapter 11 bankruptcy petition against Ritchie&#8217;s  multi-strategy fund.<\/p>\n<p>  <a href=\"http:\/\/www.chicagotribune.com\/business\/chi-080102_ritchie-capital-bankruptcy_0108jan08,0,1830633.story?coll=chi_features_lifestyle_health_util\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chicago Tribune- A week after some investors tried forcing it into bankruptcy, Lisle-based Ritchie Capital defended management of its multi-strategy hedge fund and warned other investors that the group&#8217;s legal action could &#8220;cause further damage to the value of your [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6948","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6948"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6948\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}