Armajaro Asset Management

LLP (STS Commodities Fund)

Fund Investment Objectives

The ARMAJARO STS COMMODITIES FUND is a systematic commodities fund which trades both long and short in exchange traded commodity futures. The Fund does not speculatively trade equities, fixed income or foreign exchange. Trade ideas originate from a proprietary systematic program (the Armajaro STS Commodities program) developed by Will Griffin over the last 10 years. The program is designed to generate a return in any trending market, i.e. environments which may have high emotion, uncertainty, supply/demand disruptions, economic and political instability as well as inflationary and deflationary biases. The Fund will hold long and/or short positions. The program uses daily exchange data (open, high, low, close, volume and open interest) to calculate proprietary trading signals.