03 May '11, 10am

Former Artradis co-founder Diggle launches new investment firm: SINGAPORE, May 3 (Reuters) - A co-founder of Art...

SINGAPORE , May 3 (Reuters) - A co-founder of Artradis, once Singapore's biggest hedge fund manager, has set up a new firm with seed capital of $200 million that will manage various funds including one that bets on volatility and another on agricultural land. Called Vulpes, the new firm has already launched a long Asian volatility fund to take advantage of volatility prices that are at four-year lows, principal Stephen Diggle said in a statement on Tuesday. "The range of products Vulpes will offer mirrors my own personal portfolio. The proposition of the Vulpes funds is one of co-investment and focus on returns we seek for ourselves," he said. Artradis was founded in 2001 by Diggle and Richard Magides who were former colleagues at Barings Bank in Singapore. At its height, the firm managed $4.9 billion in assets. It set up its first fund in May 2002 to bet on fluctuations i...

Full article: http://sg.news.yahoo.com/former-artradis-co-founder-diggl...

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