Tue, Jan 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge for CTA holdings offered by Armajaro’s Natural Resources Fund

Friday, January 28, 2011

By Beverly Chandler, Opalesque London:

A sixth fund has been launched by London headquartered, Armajaro Asset Management. The Armajaro Natural Resources Fund will be managed by Nick Glinsman who has joined the firm having run his own natural resources trading strategy, as an external portfolio manager for Brevan Howard. He is joined at the fund by James Whitehead, also from Brevan Howard, who will be the dedicated risk manager.

The fund will launch on 1 February, 2011 with US$ 60-70 m under management and take a diversified approach across a wide range of natural resources from metals to energy to agriculture, investing in north and south America and Australia. The strategy will focus on macro trends, taking positions in commodity-related equities rather than in commodity derivatives so that it can achieve leverage and liquidity.

In an exclusive interview with Opalesque, Glinsman said: “I look for indicators in the commodities markets, particularly in the ratios between gold and silver, or gold and copper or natural gas and crude oil.”

Glinsman will go long/short on the ratios with no bottom up investment element in the portfolio. “It’s equity-linked because I want the extra beta” he said. He will invest in mining companies against refiners; food producers against food manufacturers or gold versus miners. “We are very disciplined” he said. “We look at our ratios versus the underlying commodities.” The result is a performance stream that is unncorrelated to t......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r