Armajaro set to launch financials hedge fund

Reuters – Armajaro Asset Management, the hedge fund founded by commodities trader Anthony Ward, is set to launch its new financials hedge fund in October, part of the firm’s push to diversify further into equities.

The Armajaro Global Financials Fund will start with up to $100 million of assets under management, which could rise to more than $1 billion if the strategy performs, AAM said on Monday.

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