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From Benedicte Gravrand, Geneva: Opalesque talked to one of the co-founders of award-wining Singapore-based fund Artradis, Mr. Stephen Diggle, about his and his brother’s new fund, the Artradis Russian Opportunities Fund (see our previous article on Artradis 05.06.2007 Opalesque Exclusive: Meet Artradis, one of the first of Asia’s home-grown $1bln hedge fund firms).

The Fund was up 2.17% in May despite the RTS being down 8%. It has returned 16.74% since inception in January 2007 (annualized return of 44.98%) and has US$ 26.9 million under management.

Veteran based in Moscow since 1994 “We also have an office in Moscow. I got some experience in trading in Eastern Europe around European emerging markets for Lehman Brothers in the late 90s, and it just so happens that my brother, Martin Diggle, who has lived in Moscow since 1994, was one of the partners at Brunswick, which was at the time the biggest investment bank in Russia. He retired in 2004, was looking to start a fund so I suggested he do it with us. Not many people in the market have been trading in Moscow for the last 13 years. After the crisis in 98, most of the westerners left but he stuck it out. He is a real veteran, knows the terrain very well – the new fund is an exciting new venture for us. “

An old-fas......................

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