June 4 (Bloomberg) -- Ritchie Capital Management Ltd. is preparing to seek bankruptcy protection for life-insurance holdings in its flagship hedge fund, a month after blaming its co-investor for more than $700 million in losses. http://www.bloomberg.com/apps/news?pid=20601087&sid=akvexlsocISw&refer=home
ha ha I think is amusing when hedgefunds keel over. All those smart people & money and they still **** it up.