Launches & Closures

Armajaro lines up financials fund with former TT duo Steele, Walters


Armajaro Asset Management, the $1.5 billion hedge fund management arm of the Armajaro commodities trading group led by Anthony Ward and Richard Gower, is to add a new financials fund in October in the latest expansion of its investment range.

The new long/short equity strategy – which will focus on banks, insurers, asset managers and other financial stocks – will be managed by Ben Steele, who previously ran the well-performing TT Financials fund at TT International alongside Mark Eady, and former TT colleague Peter Walters.

Since inception in March 2006, the TT Financials Long Short Fund is