2008 Hedge Fund Veteran Steve Diggle Returns to Market with $250M Volatility Fund

Diggle's new fund leverages AI to identify high-risk companies in Asia-Pacific as market instability looms.

Steve Diggle, who earned $3 billion during the 2008 financial crisis, is launching a new hedge fund through his firm Vulpes Investment Management.
The fund aims to raise $250 million in the first quarter of 2025 to capitalize on market volatility and potential disruptions.
Diggle's strategy includes using artificial intelligence to identify financially unstable companies in the Asia-Pacific region, focusing on risks like high leverage and asset-liability mismatches.
The fund will target opportunities in both market downturns and stable conditions, with a portfolio managed by industry veteran Robert Evans.
Diggle warns of heightened risks in global markets, citing stretched U.S. stock valuations, geopolitical tensions, and China's shadow banking challenges as key concerns.