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Armajaro Asset Management CEO departs

Chief executive of the hedge fund best known for its command of the cocoa market had been in charge since 2010

Armajaro is best known for buying up 7% of the world's cocoa market in 2010
Armajaro is best known for buying up 7% of the world's cocoa market in 2010

The chief executive of commodities hedge fund Armajaro Asset Management, best known for its command of the cocoa market, has left his position.

An automated email reply on May 24 said Harry Morley, chief executive since 2010, no longer worked for the company. Armajaro currently runs a commodity fund, known as the CC+ Fund, specialising in the coffee and cocoa markets.

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