Armajaro Hit By Energy Exposure In July, Likes Alternative Metals

Armajaro Commodities fund was hurt by exposure in the energy markets in July, leading to a 1 percent drop in value on the month, according to an investor letter reviewed by ValueWalk. The fund is now down 1.37 percent year to date. Armajaro: Oil prices lost ground due to ISIS Oil prices lost ground in July due largely to the anticipated return of Libyan output and the stalling of ISIS’s advance across Iraq, as the energy complex has seen less volatility than some are anticipating given the potential for international conflict in the region.  Prices even found ballast even amidst…