|In an effort to boost total firm assets, Armajaro Asset Management announced the launch of its first equities fund, the Armajaro Global Financial Fund. As reported by Reuters, CEO Harry Morley seeks to capitalize on a resurgent financial industry by investing in banks, insurance companies and other financial services companies. |
Harry Morley has tapped two financial fund managers from TT International, Ben Steele and Peter Walters, to manage the Armajaro Global Financial Fund which will launch with as much as $100 million in assets. Armajaro Asset Management, which currently manages $1.5 billion and is a giant in the cocoa and coffee trade, seeks to increase total assets to $10 billion.
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