Opalesque Industry Update - Anello Asset Management, the independent alternative investment manager and specialist managed account provider, is pleased to announce that the Company has registered with the Commodity Futures Trading Commission (CFTC) and has become a member of the National Futures Association (NFA), with a view to a US launch in the very near future.|
The CFTC is an independent organisation with the mandate to regulate commodity futures and option markets in the US. All companies wishing to trade in the US must be registered with the CFTC before they can become active in this market.
The NFA is the industry wide, self-regulatory organization for the US futures industry and approval is a mandatory requirement for businesses wishing to trade the US futures exchanges.
AAM has received increased demand from US institutional investors to launch its products stateside, where the managed account market is already well developed. This follows the recent news that AAM has launched two stand alone managed accounts, the AAM Isis FX Programme and AAM Omega Programme, which are both exclusively regulated in the UK and mainland Europe, and aim to deliver absolute risk adjusted alpha returns, via systematic trading of the major spot FX and global futures markets.
Amit Mehta, Partner, Anello Asset Management, commented: “Having established the business for the UK market in 2009 and subsequent FSA approval in 2010, I’m very pleased that we’re now able to market in the US at this early stage of our development. We have ambitious expansion plans - to hire the very best industry professionals in our space, launch further programmes and make Anello AM the first port of call for investors looking to utilise managed accounts to generate absolute returns.”
Mark Hewlett, Partner, Anello Asset Management Commented: “Since November 2010, we’ve been inundated with calls from US investors wanting to invest in our managed accounts and had to turn those enquiries away, as we weren’t regulated in the US. So, with this in mind, we’ve accelerated our move into the US and hope to submit disclosure documents to the NFA for the Isis programme within a week.
This is big news for Anello AM, as we are now registered in the most developed commodity trading advisor and managed account market in the world, which will enhance our reputation in this market globally.”Corporate website: www.anelloam.com