Michel Danechi was named portfolio manager of the soon-to-be-launched Armajaro Emerging Markets Fund, a hedge fund focusing on investments in Eastern Europe, the Middle East and Africa.
The new fund expands our fund range to combine emerging markets trading with a macro-based strategy that has an equity derivatives bias, Richard Gower, CEO, Armajaro Asset Management, said in a news release.
Mr. Danechi was head of emerging markets trading in London for Lehman Brothers International.
Armajaro manages $1 billion in three existing commodity hedge funds. The date for the new funds launch has not been set.