London-based Armajaro Asset Management has announced plans to expand its commodity hedge fund offering with a third specialist commodity fund.
London-based Armajaro Asset Management has announced plans to expand its commodity hedge fund offering with a third specialist commodity fund. Following the Armajaro Commodities Fund and CC+ Fund, Armajaro is set to launch a sugar-focused fund in the third quarter of this year.
The Czar+ Fund will be launched in partnership with the Czarnikow Group, a specialist provider of sugar market services, with C. Czarnikow Sugar Futures acting as sub-investment manager to the fund. Armajaro says Czarnikow, which was established in 1861, is a world leader in sugar market analysis and will bring a wealth of knowledge and experience to the fund.
The investment strategy of the Czar+ Fund will include directional, spread and arbitrage trades using exchange traded futures and options and OTC derivatives and will follow a dynamic investment process in sugar and sugar-related commodities including ethanol.
The fund has been structured with the ability to participate in movements in the underlying physical commodity. Armajaro expects to unveil the Czar+ Fund on September 1 and to close to new investment immediately after the launch.
‘We are delighted to announce the launch of a further niche commodity fund, the Czar+ Fund, as we continue to develop the business following the recent closure to new investments of our existing commodity hedge funds,’ says Armajaro sales and marketing director Neil Heywood.
‘Combining the knowledge and expertise of Armajaro Asset Management and Czarnikow offers investors an exceptional and rare opportunity to gain exposure to sugar and other related commodities through this new fund, which has already received considerable interest.’