Armajaro Soft Closes Commodities Fund

Mar 27 2007 | 1:49am ET

Armajaro Asset Management has soft closed its Armajaro Commodities Fund at some $600 million. The firm decided to close the fund in order to “protect performance whilst maintaining trading opportunities in the current market climate.”

The fund was launched in April 2004 and since then has returned over 45% since inception, according to Neill Brennan, Armajaro’s chief executive.

“We are happy to have a diversified and balanced investor base in the fund and are grateful to the investors for their support throughout the past three years since the fund launched in April 2004,” said Brennan.

Armajaro also manages the Coolum Fund, a pan-European equity market neutral fund, with assets of some $260 million.

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