The wunderkind brothers behind Rice Energy Inc.’s Appalachian kingdom can’t seem to stand still. Too young to retire and too restless to settle down in one play, Daniel, Toby and Derek Rice have returned to the oil and gas industry, but not with a new start-up as most would expect.

Still in love with the energy business, the brothers are back after their $8.2-billion sale of Rice Energy last year, this time with the launch of Rice Investment Group (RIG). The firm, based in Pittsburgh, will invest in all facets of the oil and gas sector with a $200-million multi-strategy fund.

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