Armajaro CC+ Fund, which runs both a directional and arbitrage strategy primarily in soft commodities such as coffee and cocoa, was having a strong year. Unfortunately, the Armajaro Commodities Fund, more directional in nature, had the most difficult year of its existence in 2014. The CC+ fund’s Class A shares were up 12.15 percent on the year, as of a September, 2014 investor letter reviewed by ValueWalk, while the core commodities funds were down by a near equal amount. The Commodity Fund Class A shares, denominated in U.S. dollars, delivered -13.81 percent loss on investors capital while the Class E shares, denominated…
Armajaro Mixes Arbitrage, Directional Strategies In Coffee, Cocoa Markets
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.