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Opalesque Industry Update – Armajaro Asset Management today announced further expansion of its successful hedge fund range with the launch of a fourth commodity hedge fund: the Armajaro STS Commodities Fund. The Armajaro STS Commodities Fund is a systematic, trend-following commodities fund which invests in liquid exchange traded commodity derivatives (including base metals, precious metals, energy and soft commodities). The strategy has a long-term trading horizon, and aims to generate superior returns and control risk. Trade signals originate from a proprietary systematic programme (the Armajaro STS Commodities programme) which has been developed by Will Griffin, the portfolio manager for the Armajaro STS Commodities Fund. Since April 2007, the programme has been allocated 5% of the assets of the successful Armajaro Commodities Fund, winner of the 2009 EuroHedge Commodities Award for the best risk-adjusted performance in an exceptional year of recovery. The Armajaro STS Commodities Fund has delivered an annualised gross return of approximately 25% since inception. Armajaro Asset Management now manages four commodity hedge funds and an Emerging Markets hedge fund (launched in August 2009 achieving in excess of 20% net return since inception) with combined assets under management in excess of US$1.5 billion. Armajaro Asset Management's funds all achieved positive double digit returns in 2009 Commenting on the launch of the Armajaro STS Commodities Fund, Richard Gower, Chief Executive Officer of Armajaro Asset Management, said: "We are extremely pleased to announce the launch of the Armajaro STS Commodities Fund which provides investors with an opportunity to gain pure systematic, diversified commodities exposure. The Armajaro STS Commodities programme has been running within the Armajaro Commodities Fund for over three years and has a strong, proven track record. "The full suite of Armajaro commodity hedge fund products now encompasses our flagship diversified, discretionary commodity fund the Armajaro Commodities Fund; the new systematic, diversified commodities fund; and our two specialist commodity funds CC+ which focuses on cocoa and coffee and the CZAR+ Fund which invests in sugar."
Armajaro Asset Management manages two diversified commodity hedge funds The Armajaro Commodities Fund, which invests across all major commodity sectors; and The STS Commodities Fund, a systematic trend-following commodities fund which invests in liquid exchange-traded commodity derivatives. Armajaro Asset Management's specialist commodity funds are the CC+ Fund, a soft commodities fund focused on cocoa and coffee; and the CZAR+ Fund which invests in sugar, biofuels and biofuel feedstock markets. The Armajaro Emerging Markets Fund invests in emerging market equities, derivatives and fixed income with a macro focus. Armajaro Group is a global commodities and financial services business, headquartered in London. Founded in 1998, Armajaro has three main business activities:
• Commodities – cocoa, coffee and sugar origination and distribution Over 1,000 people work for Armajaro and its various Group and subsidiary companies around the world. Armajaro has operations in Europe, North and South America, West Africa and Asia. For further information, go to www.armajaro.com
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Industry Updates
Armajaro AM launches fourth commodities hedge fund
Tuesday, January 26, 2010
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