James Tweed and Dave Wardley

At the end of last year, JAMES TWEED and DAVE WARDLEY launched the first hedge fund dedicated solely to trading freight. Stella Farrington meets them

The choppy waters of the freight derivatives markets are not for the faint-hearted, but when Dave Wardley asked James Tweed to
come on board to launch a freight hedge fund,Tweed needed little persuasion. The idea appealed instantly," he recalls."I knew there
was a clear opportunity for a fund in this market.It was great timing.

Azimuth Marine Management began trading at the end of 2004 having spent the year gathering its initial investors from the shipping industry.

It was very difficult to get

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