Armajaro plans hedge fund diversification and expansion

Staying power

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

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