Diggle, whose firm made US$3 billion between 2007 and 2008, is raising the money for a hedge fund and managed accounts designed to generate hefty returns in market crashes and profit from wagers on rising and falling stocks in calmer periods.
A former hedge fund manager whose firm made billions during the global financial crisis is ready to pounce on volatility again, as he sees threats to market stability at a level not seen since 2008.
Steve Diggle’s family office Vulpes Investment Management is seeking up to US$250 million ($342.4 million) from investors as early as in the first quarter, the Oxford, UK-based investor said in a telephone interview.
