Thu, May 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds leveraging past successes to build new, unconstrained investment management firms

Monday, November 19, 2012

amb
Steve Diggle
Bailey McCann, Opalesque New York:

At its height, Artradis Fund Management grew to be one of the largest Asian hedge funds managing nearly $5bn. Now, that firm has transformed into something more closely resembling a family office, with some outside investment. The original team, including Steve Diggle, now manages the new iteration – Vulpes. Diggle recently spoke with Matthias Knab for Opalesque TV about why they made the transition and where they currently see new opportunities.

Artradis was originally a long Asian volatility fund. Diggle explains that after 2009, a lot of big name firms like AIG went short volatility and subsequently went out of business, as volatility prices increased, the upside to being long volatility became more muted driving Diggle and his team to look into other opportunities. Through Vulpes, the team expanded into five funds, including a broad range of investment types including private equity and physical assets.

The original long volatility fund still exists in addition to investments in public and private equity, a Russian investments fund and a life sciences fund. "One other thing that we have been doing that’s different is we have become more activist," Diggle says. He explains that as a pure hedge fund, the firm opted to stay away from that activist role, but now with investments in both public and private e......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven