Artradis Fund Management, founded in 2002, was an Asian long volatility biased multi strategy alternative asset manager, with operations in the BVI, Singapore and Switzerland. The company was founded by Richard Anthony Magides and Stephen Charles Diggle in May 2002 and grew assets under management from USD 4 million to over USD 4.5 billion at its peak in 2008, principally in its flagship Barracuda and AB2 funds. Despite losses in late 2009 and 2010, the net profit to investors over the life of the funds exceeded USD 2.5 billion by the time of its closure in early 2011.