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Opalesque Exclusive: Armajaro appoints Michel Danechi, announces intention to launch Armajaro emerging markets fund From the Opalesque Team: Armajaro Asset Management today announced the appointment of Michel Danechi to manage a new emerging markets hedge fund to be launched in the first half of 2009.

Michel was previously the head of the emerging markets desk at Lehman Brothers International (Europe) and has over 15 years experience in trading emerging markets. Prior to joining Lehman Brothers, Michel was Head of the London Office and Head of EMEA Equity Trading at CA-IB International Markets (part of Bank Austria Creditanstalt) where he was responsible for trading equities and derivatives. Additionally, Michel was in charge of pricing, structuring and trading of EMEA equity derivatives for investors and corporates.

The Armajaro Emerging Markets Fund will concentrate on trading the EEMEA region (Eastern Europe, Middle East and Africa) with the objective of generating long term capital growth from investments in emerging market equities, derivatives, foreign exchange and fixed income with a macro focus.

Armajaro Asset Management currently manages three specialist commodity hedge funds with combined assets under management in excess of US$1 billion. All three funds achieved positive returns in 2008 in difficult market conditions. Corporate website: Source

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