Armajaro Commodities Fund Said to Plan Closing at End-July
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Armajaro Asset Management LLP plans to close its $450 million commodities fund after losing money and its lead manager, a person with direct knowledge of the matter said.
The Armajaro Commodities Fund, run by Oliver Denny in London, lost 11 percent in the first half and will shut at the end of the month, the person said, asking not to be identified because the information is private. John Tilney, who managed the fund since its start in 2004, retired earlier this year.