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Stephen Diggle by Beverly Chandler, Opalesque London:
Singapore-based Vulpes Investment Management opened its doors to investors on 1st May with $170m under management. Led by its founder, Stephen Diggle, the firm has brought two funds from its previous incarnation as Artradis, and launched a third. The new Lava fund – largely based on the old Artradis Barracuda fund - trades volatility, something that was surprisingly thin on the ground in its launch month, hence a largely flat return for May.
"We’ve got the new team together and I couldn’t be happier" says Diggle who is planning to
start his marketing campaign. "We made people a great deal of money in our previous incarnation, over $2bn in nine years, so the first place we are going to is back to the investors that we mandatorily redeemed out of our last fund and who can bring their original high water market with them."
Secondly, Diggle intends to refocus his firm’s attention on family offices and high net worth investors. "Given the type of organisation we are now, with partners who are very much invested in the fund’s strategies, this sort of alignment is more focussed on by family offices and high net worth investors than institutions."
Diggle feels that family offices endured something of a shock over 2008 and like the co-investing notion. "This co-investment proposition is definitely an attractive feature for family offices because we are showing what we are doing with our money.&qu...................... To view our full article Click here
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