The Hedge Fund that is the subject of the involuntary proceeding, Ritchie Multi-Strategy Global, LLC, is in what appears to be the final stages of liquidation. Investors in the Hedge Fund were advised in September 2006 that redemption of investments would be delayed indefinitely while RCM worked to wind down and sell the Hedge Fund's portfolio. As a result, a group of the largest investors in the Hedge Fund and in a related offshore hedge fund ... managed by RCM (the "Offshore Fund"), including the Petitioning Creditors in the involuntary filing, formed an Investors Committee to monitor the wind down of the Hedge Fund and the Offshore Fund (collectively, the "Funds"). In April 2007, RCM completed a transaction for the Funds pursuant to which much of the combined portfolio was sold to Rhone Holdings II, Ltd., an affiliate of Reservoir Capital Partners. Completion of the Rhone transaction left the Funds with cash and a purchase price account receivable from Rhone, as well as certain assets excluded from the transaction. RCM continues to manage the portfolio sold to Rhone.