In late 2001 I co-founded Artradis Fund Management, a hedge fund group significantly focused on arbitrage and volatility trading
in Asia. The group ultimately enjoyed great success and grew its AUM to nearly $5bn in 2008, the majority of which was from performance
during the financial crisis of 2007-08.
The financial success of Artradis has allowed me to create Vulpes Investment Management, a new organisation created out of the
Artradis structure in April 2011.
I created Vulpes Investment Management to face and profit from the myriad challenges of the post- 2008 financial crisis. My aim is
to protect and grow my own family’s wealth by concentrating on a small number of compelling investment opportunities within a
structure that allows other investors to invest alongside us.
Vulpes stands for:
Conviction: All of our funds are backed with a substantial amount of both my family’s and the partner’s’ capital, and everything we
invest in is available to our outside investors.
Alignment: As substantial investors in our own funds, our interests are completely aligned with our investors
Clarity: Each fund is designed to effectively capture a specific investment opportunity.
Focus on Return: Because we want the best return on our own capital, we focus our investment areas, time horizon and investment
style on profit maximisation, not AUM maximisation.
Experience: In order to maximize the return on our capital, we actively seek out seasoned professionals with extensive, relevant
expertise for each of the Vulpes funds.
Partnership: Every senior staff member at Vulpes owns part of the company and is economically incentivised to grow the long term
value of it. All senior staff are thus partners in the venture and are required to think and behave as such.
Endurance: Vulpes Investment Management covers its costs through the fees from my family’s and the partners’ invested capital.
As a result, we are in control of our own destiny.
We only create new funds when we believe three crucial conditions exist:
• We see a compelling investment opportunity.
• We are able to create a structure to exploit the opportunity in an optimal way.
• We are able to attract seasoned, world- class managers to direct the investment.
Vulpes’ structure offers outside investors the opportunity to invest in these best-of-breed funds in exactly the same way as both my
family and the partners.
Our hope is that this long-term personal and capital commitment will allow Vulpes Investment Management to replicate the prudence
and capital growth over an extended time horizon of the most successful commercial families and partnerships of the 19th
Century; whilst deploying the sophisticated technology and investment management practices of the 21st Century.
Volatility Guru Opens New Shop | 2011Alexandra Scaggs Stephen Diggle, the former manager of Singapore-based Atradis Fund Management, which earned $2.7 billion in the rocky markets of 2007 and 2008, is starting a new firm and touting a volatility-focuse...Read More...