Broad-based commodity specialist, managing a range of strategies within the sector-adding uncorrelated market diversification to a client's portfolio


The infrastructure of a large institutional, but the investment flexibility of a boutique


A focus on inefficiencies in highly specialised markets





Arion Investment Management Limited is a commodity focused investment management company based in London. The company is authorised and regulated by the Financial Conduct Authority (registered no. 742037).

We differentiate ourselves by focussing on what we do best – investing in the commodity space. Whether it be through our funds, or bespoke niche client led services, Arion Investment Management prides itself on its ability to successfully navigate the commodities arena.


The bulk of our expertise is based around our ability to successfully navigate, and provide access to, uncorrelated, niche and often capacity constrained opportunities within the commodity sector. Where our advantage lies, is our ability to understand the opportunity, to structure the trade in a way to take advantage of the market inefficiency, and to risk manage the position through the process.

Niche Strategies

The opportunity to enter into specialised and often capacity constrained markets to deliver superior risk-adjusted returns.


Decades of experience, specifically within commodity markets.


Everything we do is highly visible and liquid with our own goals aligned to that of our clients.

Investment Management

Arion provides investment services to professional clients, typically sophisticated institutional investors, Family Offices and UHNW individuals.
Arion offers bespoke solutions via funds and managed accounts to investors that require a particular strategy and/or particular levels of risk within the commodity space.

Commodity Arbitrage

Strategy seeks to capture value and exploit pricing discrepancies in the copper market.

Commodities Relative Value

A Relative-Value volatility strategy which takes advantage of opportunities in commodity markets that arose after the financial crisis.

Bespoke Mandates

If an investor has specific risk return requirements, we can tailor a bespoke structure to meet the client’s investment objectives.


Gerardo Tarricone

Gerardo Tarricone

Founder and Managing Director
Gerardo is the founder of Arion Investment Management Limited. He also founded Cuprum Twenty Nine Ltd, a company focused on commodity trading strategies, on the most part within copper arbitrage. Before that, Gerardo worked at Morgan Stanley in the FundLogic team where he focused on delivering UCITS and non-UCITS fund based solutions globally, working with hedge funds amongst other institutional clients.
Darius Tabatabai

Darius Tabatabai

Portfolio Manager
Darius is an experienced trader and portfolio manager. He started his career at UBS trading Precious Metals, Base Metals and FX Options from 2004 to 2010. He was Global Head of Precious Metals trading at Credit Suisse from 2010 to 2012 and Global Head of Precious and Base Metals trading at Bank of America Merrill Lynch from 2012 to 2013. Since 2013, Darius has been Associate Lecturer at BPP University as well as a consultant for various investment organisations including Cuprum Twenty Nine Ltd.
Ian A. Fridlington

Ian A. Fridlington

Operations and Risk Management
Ian is an award winning and highly successful fund manager with over 30 years of experience in the Banking and Fund Management industries. Having held senior executive positions and carried out various compliance functions, Ian brings robust operational strength and risk management to the business. Ian has provided oversight functions for a number of fund management firms as well as co-ordinating fund operations and day to day risk management.
James Purdie

James Purdie

Head of Investor Relations
Over 10 years advice and relationship management experience in finance. James began his career at Morgan Stanley (London) within the Cap Intro and trading teams before moving to Sydney, Australia, spending the next 8 years at Macquarie Bank. Here he worked as a wealth manager, both advising clients on their investment portfolios as well as having a niche in raising capital for small-cap ASX listed companies – predominantly within the commodity space. Having returned to the UK in 2016 he briefly assisted an Alternative Finance company in setting up a sales team raising capital within UK Private Equity before joining Arion.


Our Offices


Arion Investment Management Limited

18 Shepherd Market, Mayfair
London W1J 7QH, UK

+44 (0) 20 3887 9818