In an interesting move that hedge fund managers like Corey Ribotsky would certainly want to know more about, Vulpes Investment Management plans to raise $150 million in the next few months. This Singapore company that was started by hedge fund manager Stephen Diggle plans to use the money to invest in farms around the world.
While they already have a cattle and sheep farm in Uruguay, two corn farms in Illinois and a New Zealand kiwi-and-avocado orchard, they plan to use the new investment money to branch out. They are targeting using $50 million to add to their investments into Africa and Eastern Europe. As Diggle said in an interview this week, “I got the idea in 2008 when I thought the world was falling apart.
Yield-producing safe assets are intrinsically more interesting.” Diggle is looking ahead, with plans to use the new funds to invest in places like Zambia, Malawi and Mozambique in Africa; and the Ukraine or Bulgaria in Eastern Europe.