Tuesday, 7 July 2015
Last updated 31 min ago
May 3 2011 | 8:56am ET
Artradis Fund Management co-founder Stephen Diggle has launched Vulpes Investment Management, a Singapore-based fund manager seeded with US$200 million from its founding partners.
The new company’s products include the Russian Opportunities Fund, the Testudo Fund (described as an “endowment-style, unconstrained, long-term growth fund”) and the LAVA volatility fund.
Artradis was Singapore’s largest hedge fund manager with assets that peaked at US$4.9 billion. Diggle has brought 10 former Artradis people with him to the new firm, which has a total head count of 14 in offices in Singapore and Geneva.
Bert Verdicchio is Vulpes’ chief risk officer, Steve Lukow is chief operating officer and legal counsel and Grant Williams is a consulting portfolio advisers. All three have been involved in Asian financial markets since the ‘80s.
“The range of products Vulpes will offer mirrors my own personal portfolio,” said Diggle. “The proposition of the Vulpes Funds is one of co-investment and focus on returns we seek for ourselves. We have seeded both the capital and the expertise of each of the products we’re launching. We have launched our new long Asian volatility fund on May 1 and we’re very positive right now as volatility prices are hitting four-year lows.”
May 27 2015 | 2:15pm ET
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