Danechi drives strong returns with EM fund as Armajaro expands horizons
Mon Nov 26, 2012
Three years after launching Armajaro’s first hedge fund outside the pure commodities space, ex-Lehman man is deriving good synergies within the trading firm for his emerging market strategy
Armajaro, the London-based commodities and financial services
group, has been one of the most striking success stories of the
industry in recent years – growing from a modest
trading boutique, with nine employees at launch in 1998, to a
multi-billion dollar global enterprise across physicals and
futures trading, securities and asset management.
Today its expanding hedge fund unit, Armajaro Asset
Management, manages $1.5 billion and rising – and one
of its major successes has been the Armajaro Emerging Markets
Fund, which celebrated its third anniversary at the end of
July. The fund has produced a healthy return since inception
and seems likely to notch up its best year to date in 2012.
The fund is managed by Michel Danechi, a seasoned trader who
was head of emerging market equities at Lehman Brothers in
London until 2008. Rather than being a traditional, bottom-up
equity play on emerging markets growth, Danechi combines...
ISSN: 2151-1845 / CDC10004H
Take a trial today and access
- Performance news, fund launches, regulation changes and people moves
- Profiles of fund managers, investors and distributors
- Live league tables
- Investor mandates
Start your subscription today!
- Access our news and performance data online from anywhere
- Receive weekly emails with the latest news and performance data
- Free copies of the bi-annual Global Review inc. the Billion Dollar Club
- 24/7 online support
- Dedicated account manager