Armajaro Commodities Fund to reopen in October
Armajaro Asset Management is re-opening the Armajaro Commodities Fund Limited to new investors with effect from 3 October 2005.
"We are delighted to announce that the Armajaro Commodities Fund will re-open in October in response to strong investor demand," said Neil Heywood, Sales and Marketing Director for Armajaro Asset Management LLP (see previous Hedgeweek Interview). "It is anticipated that the fund will remain open until the assets reach USD 400 million, at which point, due to market conditions, it is likely that the Fund will soft-close."
The fund had soft closed in March 2005 with assets under management in excess of USD 100 million, having been open to investors for only six months.
Discretionally managed by John Tilney who has over 25 years of experience in trading commodities, this pure commodities fund has returned over 19 per cent since inception in April 2004 and its original opening to external investors in October 2004.
Armajaro Asset Management LLP also manages a pan-European equity market neutral fund, the Coolum Fund, which has returned 9.9 per cent in 2004 and over 5per cent year to date as at 12 August and offers investors daily liquidity and complete transparency.
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