Stephen Diggle, co-founder of the hedge fund firm Artradis Fund Management, has set up a company to pool his personal wealth with that of family offices in Asia and invest in assets worldwide, according to Bloomberg.

Vulpes Investments will enable Diggle to diversify his personal assets by co-investing with other family offices “as far as possible independently of commercial financial service providers,” the news service quoted Diggle as saying.

“The breakdown of trust that has happened in the financial world post-2008 has created opportunities for wealthy families to work together in a collaborative way,” Diggle, who is based in Singapore, said.

Singapore-based GFIA, which currently manages money exclusively for Diggle, is overseeing the family-office venture, he said. GFIA advises investors seeking to allocate money to hedge funds and announced it started a wealth management business in January. Diggle’s family office targets investments in operating businesses, agricultural assets, commercial and hospitality real estate, as well as private equity, he said. It also has a philanthropic component, Diggle said.

Diggle said he will continue to run the Artradis Barracuda Fund, AB2 Fund and Russian Opportunities Fund. The Singapore-based hedge fund firm manages about $850 million in funds, compared with about $4.5 billion in January 2009, the report added.