In Euromoney’s November 2006 issue we reported on Ritchie’s restructuring plan for its ailing multi-strategy fund. Doug Rothschild, Ritchie’s chief administration officer, explained how investors had agreed to have the assets split into two share classes: an equity class one with a 3.25 year lock-up, and a redeeming class that provided a schedule for the return of funds to redeeming investors over 2.5 years. As such, redemptions would be slowed, longer-term private-equity type investments could be made, and investors would then receive their money back, possibly with a return.