Armajaro Said to Shut Commodity Hedge Fund After Assets Shrunk

The asset management arm of Armajaro Holdings has shut down a commodities fund after it became too small, said two people with knowledge of the matter.

Armajaro STS Commodities fund, which was led by Will Griffin and used computer algorithms to trade commodities, was shut down this year, said the people, asking not to be identified because the information is private.

Andrew Mitchell, a spokesman for Armajaro at Brunswick Group, declined to comment on behalf of the firm.

Armajaro, co-founded by Anthony Ward, a commodities trader nicknamed “Chocfinger” after he amassed a large chunk of the world’s supply of cocoa beans, plans to focus on its remaining strategies, including its flagship commodities fund. John Tilney, who ran the main fund, recently retired, said the people.

The firm also manages a specialist commodity fund focused on coffee and cocoa markets and a global financials fund, according to the website.

Ward and Richard Gower in 1998 founded Armajaro Holdings Ltd. Armajaro in 2013 agreed to sell its soft commodities trading unit to Ecom Agroindustrial Corp., leaving the firm to operate hedge funds through its asset management arm.

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