Vulpes Seeks US$150 Million For Agriculture

May 4 2012 | 11:42am ET

Artradis Capital Management founder Stephen Diggle’s expansion of his new hedge fund firm continues apace.

Singapore-based Vulpes Investment Management plans to raise up to US$150 million for an agriculture fund. The new vehicle, which Diggle has been running for three years, already manages US$35 million and owns land in New Zealand, the United States and Uruguay.

“I got the idea in 2008 when I thought the world was falling apart,” Diggle told Bloomberg News. “Yield-producing safe assets are intrinsically more interesting.”

The portfolio has returned a yield of about 5% since its inception, and its assets have increased in value by 35%, Diggle said. Vulpus’ Uruguayan cattle and sheep farm has appreciated by about 50%, as has its two corn farms in Illinois. Its kiwi and avocado farm in New Zealand has returned 14% since Vulpes bought it last year.

Diggle said he plans to deploy his newly-raised capital broadly, eyeing investments in Africa and Eastern Europe. Word of the planned agriculture fundraise follows news earlier this week that Tudor Investment Corp. would seed Vulpes’ new quantitative hedge funds.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note