Burned By Oil, Armajaro Commodities Slides 2.5% In August

Armajaro Commodities Fund, flagship strategy of Armajaro Asset Management, had a turbulent month once again. The fund was down 2.46% in August, knocking its year-to-date return down to -3.8%, according to a investor letter seen by ValueWalk. Last month was not a good one for commodity-focused hedge funds, as a number of them posted dull returns.

Armajaro Commodities: Losses in oil and precious metals

The unexpected turn in crude oil prices caused damage to...