Juno Mother Earth Founder Leaves For Long/Short Shop

Feb 19 2008 | 1:00am ET

New York commodities hedge fund shop Juno Mother Earth Asset Management has lost co-founder Joseph Di Virgilio, who is setting up a new hedge fund firm.

Di Virgilio has set up Vertus Capital Partners alongside Craig and Dermot Coughlan. He will serve as chief investment officer of the New York-based long/short equity firm, and will manage its first offering, the Vertus Sustineo Fund.

At Juno Mother Earth, Di Virgilio managed an equity portfolio. He indicated his departure from Juno was in part due to his discomfort with the state of the commodities market.

Sustineo will invest in alternative energy, water, food and agriculture stocks, with no commodities exposure. The fund, in which Vertus expects to raise $100 million by the end of the year, is designed to keep risk and volatility to a minimum.

Goldman Sachs serves as the new fund’s prime broker, with Concept Capital handling administration duties.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...