Armajaro Asset Management Names New CEO

Aug 31 2010 | 8:01am ET

Commodity-focused hedge fund firm Armajaro Asset Management has appointed Harry Morley as chief executive officer. Morley had previously been group finance director of Armajaro Holdings since 2008. He is taking over the role from Richard Gower, co-founder of Armajaro, who now becomes chairman of Armajaro Asset Management.
 
"With five hedge funds across commodity and emerging market sectors, we believe Armajaro offers investors a unique and compelling investment opportunity," said Morley. "Investment in commodities as an asset class has been growing rapidly, particularly among pension funds and other professional and institutional investors. I look forward to continuing to develop the business and building on the existing momentum and potential for further growth."

Prior to joining London-based Armajaro, Morley spent ten years working for a range of private equity backed businesses, and co-founded Tragus Holdings, the owner of the Café Rouge and Bella Italia restaurant chains, which was successfully sold to Legal & General Ventures in 2005. Prior to that, he worked for P&O for six years.
 
Armajaro Asset Management manages four commodity hedge funds and an emerging markets hedge fund with combined assets under management in excess of US$1.7 billion. 


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.