A Home For Multistrategy Global Fund?

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The Street reports that Coller Capital, a private-equity firm in London, may buy $1 billion in assets from Ritchie Capital's flagship hedge fund. RC announced last week that it would refund 80% of clients' money over the next 2 1/2 years and keep the fund open for at least three, after suffering "unforseen circumstances" (the circumstances apparently being "losing a truckload of money").*
Coller Gets Ritchie [The Street]
Earlier: 'Unforeseen Circumstances' Shutter Ritchie Capital's Multistrategy Global Fund
*Like you'd be so above recycling a joke you'd previously used that wasn't even that well-crafted in the first place, if the mood struck you? You would be above that? So I'm alone here? Whatevs. Just let me have this one thing.

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