Armajaro plans hedge fund diversification and expansion

Staying power

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Hedge fund manager Armajaro in move to diversify out of pure commodity strategies

In an imposing main meeting room at Armajaro Asset Management (AAM), a large glass bowl dominates the board-sized table. The bowl is filled with chocolates made with cocoa from Trinidad, Venezuela, Madagascar, Ecuador and other countries. The sweets serve as a constant reminder, if it were needed, of the foundation of AAM.

The most colourful of AAM’s two founders is without a doubt, Antony Ward, principal portfolio manager of the CC+ and CZAR+ funds and sometimes known by the media-inspired sobri