CZAR + FUND PRESS RELEASE
ARMAJARO FURTHER DEVELOPS COMMODITY FUND OFFERING
WITH LAUNCH OF SUGAR FUND
LONDON 28 JULY 2008: Armajaro Asset Management LLP has announced that it will be expanding its
successful commodity hedge fund offering with the launch of a third, specialist commodity fund. In
addition to the Armajaro Commodities Fund and CC+ Fund, Armajaro will be launching a sugar-focused
fund in the third quarter of this year. The CZAR+ Fund will be launched in partnership with the
Czarnikow Group a market leading provider of sugar market services. C. Czarnikow Sugar Futures
Limited will act as sub-investment manager to the Fund. Czarnikow, which was established in 1861 is
acknowledged as a world leader in sugar market analysis and will bring a wealth of knowledge and
experience to the Fund.
The investment strategy of the CZAR+ Fund will include directional, spread and arbitrage trades using
exchange traded futures and options and OTC derivatives and will follow a dynamic investment process
in sugar and sugar-related commodities including ethanol. The Fund has also been structured with the
ability to participate in movements in the underlying physical commodity. The CZAR+ Fund is expected
to launch on 1st September and it is anticipated that it will close immediately after launch.
Commenting on the launch of the CZAR+ Fund, Neil Heywood, Sales and Marketing Director for
Armajaro Asset Management, said: “We are delighted to announce the launch of a further niche
commodity fund, the CZAR+ Fund, as we continue to develop the business following the recent closure
to new investments of our existing commodity hedge funds. Combining the knowledge and expertise of
Armajaro Asset Management and Czarnikow offers investors an exceptional and rare opportunity to
gain exposure to sugar and other related commodities through this new Fund, which has already
received considerable interest.”
Ends
Issued By: Penrose Financial
Contact: Sally Todd
direct line: +44 (0) 20 7786 4815
mobile: +44 (0)7802 444 348
Email: sallyt@penrose.co.uk
Contacts:
Armajaro: Neil Heywood
Direct Tel: + 44 (0) 20 7647 3166
Email: nheywood@armajaro-am.com
Web Site: http://www.armajaro-am.com
The CZAR+ Fund Limited is an unregulated collective investment scheme for the purposes of the Financial Services Markets Act 2000. The contents of this document are for
information purposes only. The information contained herein does not constitute an offer or invitation to buy or subscribe for any securities or funds in any jurisdiction in
which such distribution is not authorised. Nothing in this document constitutes investment, legal, tax or other advice and cannot be relied upon in making any investment
decision. Applications to invest in the Fund must be made on the basis of offer documents, which are only available for private circulation. The information contained in this
document is published in good faith and neither Armajaro Asset Management LLP nor any other person so connected assumes any responsibility for the accuracy or
completeness of such information. No representation is made, or assurance given, that any statements, views, projections of forecasts contained within this document are
correct or that the objectives will be achieved. The value of investments and the income from them may go down as well as up and are not guaranteed. Past performance
is no guarantee of future returns. The Fund is not generally available to US persons and neither this document nor any copy of it may be taken or transmitted in to the
United States.
D:\Docstoc\Working\pdf\5aead042-bf1a-4466-83a3-cf0cf9705d32.doc