Ritchie Capital completed the sale of about half the assets of its multistrategy hedge fund to Reservoir Capital, after gaining shareholder approval. Terms of the deal and the size of the fund were not disclosed, said Justin Meise, a Ritchie spokesman. The fund is being rolled into a new company, Rhone Holdings, and Ritchie will continue to manage the assets, which include private equity, life insurance settlements and real estate, according to a Ritchie news release. Ritchie is still looking for a buyer for remaining assets in the multistrategy fund, according to the release. Depending on performance, investors in the fund may receive redemptions of as much as 110 cents on the dollar, based on the Sept. 30 value of the transferred assets.