Hedge-Fund Veteran Stephen Diggle Returns to Incubate Fledglings

  • His Singapore-based Vulpes opened Kit Trading Fund on Dec. 1
  • Kit Trading led by former Merrill Lynch trader Michael Downer

Stephen Diggle, co-founder of a hedge-fund firm whose assets expanded more than 1,000-fold before it returned investors’ money, is reentering the industry with a plan to back managers and traders seeking a new career in money management.

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