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By Beverly Chandler, Opalesque London:
Amit Mehta, founder and partner and managing partner, Mark Hewlett of Anello Asset Management believe that investors want a little TLC, or transparency, liquidity and control, in their investments. This they believe can be found through the medium of managed accounts. In a briefing earlier this month, Hewlett and Mehta outlined the background to Anello, a CTA offering two programmes through the managed account route, the Omega Programme and FX Isis Programme.
In their presentation, the pair stated: “Anello AM’s business model is to make managed accounts the first port of call for investors looking for transparent and liquid investments with a strong track record of alpha generation.”
The drive towards the managed account route for Hewlett and Mehta comes from the scandals –such as the Madoff disaster - that have ‘burnt’ investors over recent years, and from the recession which in turn has led to a strong distrust of the banking sector. Other drivers, they believe, have been the RDR debate and the growth of structured products which have sometimes meant that investors did not know where their money was being invested.
Investors, Hewlett and Mehta believe, want closer operational efficiency of hedge funds; tighter regulatory controls, investment transparency, simplicity, an ability to withdraw funds without delay and appropriate compensation schemes.
These desires can be met by the managed account route, the p...................... To view our full article Click here
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