Tag: philbro

Nov 01

THE ARMAJARO MAN, ANTHONY WARD, IS NOT MERELY “CHOCFINGER” BUT THE “KING OF COCOA” (FT)

Prices of [cocoa] the basic ingredient of chocolate rose to their highest level in 33 years after his hedge fund amassed a large chunk of the world’s stocks of cocoa beans. Some have seen him as the 21st-century equivalent of Nelson and William Hunt, the brothers who cornered the silver market in 1979-1980 by taking control of most of the world’s inventories of the metal.

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