Saturday, 25 April 2015
Last updated 11 hours ago
Jan 26 2011 | 12:48pm ET
Commodity hedge fund specialist Armajaro Asset Management is readying a trend-following natural resources fund for launch next week.
The Armajaro Natural Resources Fund, the firm’s sixth, will invest in commodity-related stocks, including metals, energy and agriculture. It will give investors “an innovative way to access prevalent global themes such as growing inflationary pressures, high volatility in commodity and food prices and the growth in the commodity-producing emerging markets,” CEO Harry Morley said.
The new fund is to debut on Feb. 1. To run it, Armajaro has turned to a pair of Brevan Howard Asset Management veterans. Nick Glinsman will be its manager and James Whitehead will handle risk management.
Glinsman managed natural resources investments for Brevan Howard, including as an external portfolio manager. He formerly worked at Salomon Brothers as head of futures and options.
“The fund is a natural extension to our existing range, providing investors with a differentiated but complementary strategy that combines Armajaro’s expertise in commodities with the highly disciplined approach to risk management they expect,” Morley added.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…