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Yes.. and 416 Rem...

The cartridge is based on the .375 Ruger case which was necked up to accept a .416 in (10.6 mm) bullet. It was designed as a dangerous game cartridge particularly for use in Alaska and Africa. The .416 Ruger duplicates the performance of the .416 Rigby and the .416 Remington Magnum. All three cartridge fire a 400 gr (26 g) bullet at 2,400 ft/s (730 m/s) generating 5,115 ft⋅lbf (6,935 J) of energy. However, unlike the Remington or Rigby .416s, the Ruger .416 can be chambered in a standard length action as the cartridge has a length of 3.34 inches. The cartridge has the same diameter of belted magnum cases but without the belt. This provides the cartridge a larger propellant capacity than a standard length magnum cartridge of the same length. The rimless design allows for the smoother feeding and extraction of the cartridge.