Burned By Oil, Armajaro Commodities Down 5.4% In September

A slump in oil prices and poor returns in base and precious metal positions severely hurt Armajaro Commodities Fund, which incurred a loss of 5.4% in the month of September. The monthly fund letter reviewed by ValueWalk noted losses in platinum group metals, nickel and coffee. Armajaro’s flagship strategy has almost equal exposure in energy, base metals, grains and precious metals. Commodity funds burned by oil yet again After September’s loss, Armajaro Commodities is now down nearly 9% for the year. Last month was not a particularly profitable period for commodity funds in general as oil fell to lowest price in…