Published: June 19, 2009
Armajaro Asset Management has appointed Michel Danechi to manage a new emerging markets hedge fund which was launched earlier this year.
Danechi was previously the head of the emerging markets desk at Lehman Brothers International (Europe) and has over 15 years experience in trading emerging markets. Before joining Lehman Brothers, Danechi was head of the London office and head of EMEA equity trading at CA-IB International Markets (part of Bank Austria Creditanstalt) where he was responsible for trading equities and derivatives. Additionally, Danechi was in charge of pricing, structuring and trading of EMEA equity derivatives for investors and corporates.
The Armajaro Emerging Markets Fund will concentrate on trading the EEMEA region (Eastern Europe, Middle East and Africa) with the objective of generating long term capital growth from investments in emerging market equities, derivatives, foreign exchange and fixed income with a macro focus.
Armajaro Asset Management manages three specialist commodity hedge funds with combined assets under management in excess of US$1bn. All three funds achieved positive returns in 2008 in difficult market conditions.