A co-founder of Artradis Fund Management has won some major backing for his new firm's newest set of funds.
A Tudor Investment Corp. subsidiary will invest in Vulpes Investment Management's new suite of algorithmic global equity funds, the Singapore-based firm said Friday. Vulpes was founded last year by Artradis co-founder Stephen Diggle, months after he and his fellow co-founder, Richard Magides, agreed to part ways and close Artradis, once Singapore's biggest hedge fund.
Vulpes' new funds will use algorithms developed by Jagger Technologies.
Vulpes, which has about US$200 million in assets under management, did not say how much Tudor Proprietary Holdings would invest in the new funds.