U.K.-based Armajaro Asset Management next month is reopening its US$800 million Commodities Fund for additional capacity of some US$250 million. The fund, which trades in soft commodities, metals, energy finished up just over 20% last year.

The fund employs a discretionary approach with additional technical signals. It charges a 2% management fee and a 20% incentive with a $100,000 minimum investment requirement.

Armajaro in November soft closed its CC+ Fund, a soft commodities fund with an initial focus on cocoa and coffee, at US$500 million. The firm also manages the US$100 million Coolum Fund, a European equity market neutral offering.

Founded in 1998, Armajaro has three main business activities: cocoa and coffee origination and distribution; commodity and equity hedge fund investment management; and structured products.