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Benedicte Gravrand, Opalesque London:

Anthony Ward is the co-founder of Armajaro, a global commodities and financial services business headquartered in London. He is also the non-executive Chairman of Armajaro Trading Ltd. Prior to forming Armajaro in 1998, he was a director and head trader for cocoa and coffee at Phibro. He has over 27 years experience in trading soft commodities, particularly cocoa and coffee, and currently chairs the European Cocoa Association. His business partner’s focus is in structured notes as a broker – an activity which splits the business in two.

When he left Phibro, Anthony Ward wanted to set up a cocoa and coffee merchant business initially. Now, Armajaro, a commodity supplier, is best known for supplying cocoa and coffee around the world. It is the leader in sustainable and traceable cocoa and supplies to the best-known chocolate brands.

It was not until 2002 that he and his partner decided to go into the asset management business. They founded Armajaro Asset Management LLP and launched their first pure commodity fund two years later.

Now the firm has four hedge funds with combined AuM in excess of US$1.5bn. The funds are (1) the Armajaro Commodity Fund which invests across the main commodity sectors; (2) the CC+ Fund, which specialises in soft commodities, particularly cocoa and coffee; (3) the CZAR+ Fund, which invests in sugar, biofuels and biofuel feedstock ma......................

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