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Alternative Market Briefing

Stephen Diggle is looking for money managers, traders for his new hedge fund

Wednesday, December 09, 2015

Komfie Manalo, Opalesque Asia:

Singapore-based hedge fund manager Stephen Diggle is looking for money managers and traders for his new multi-strategy fund.

The Kit Trading Fund is led by former Merrill Lynch & Co trader Michael Downer and was launched on December 1, reported the Straits Times.

Diggle said that his Vulpes Investment Management will be needing as many as 12 managers trading for Kit over the next six to 12 months, using investments by Vulpes and assets the money managers can contribute themselves.

Kit is looking for traders whose strategies have low correlations to the markets and are less volatile, including equity long/short, arbitrage, and systematic currency and fixed income.

Founded in 2011 by Stephen Diggle, co-founder and former Managing Partner of Artradis Fund Management. Vulpes is designed to replicate a family office structure and enable outside co-investment in a range of strategies, according to the firm’s website. At Vulpes, he is seeking to provide what he describes as a hybrid between a hedge-fund "hotel" and an incubator for traders leaving global banks, he told Straits Times.

Diggle co-founded Artadis with $4.5 million in 2002 and helped the hedge fund expand to $4.8 billion in 2008, before returning money to its investors ......................

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