Juno Mother Earth Founder Leaves For Long/Short Shop

Feb 19 2008 | 12:00am 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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...