Monday, 6 July 2015
Last updated 34 min ago
Jan 26 2010 | 12:41pm ET
Armajaro Asset Management plans to spin-out its systematic trading strategy from its flagship commodities fund.
The US$1.5 billion London-based commodity hedge fund shop’s STS Commodities fund will be its fifth hedge fund. The strategy has been part of its Armajaro Commodities Fund since 2007, and has posted annualized returns of about 25% since then, the Financial Times reports.
The new algorithmic-trading fund will be managed by Will Griffin. Armajaro plans to raise US$100 million for the fund before soft-closing the vehicle to new investment.
May 27 2015 | 2:15pm ET
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