Sat, Oct 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Anello Asset Management registers with the CFTC and become members of the NFA

Monday, February 28, 2011
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

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad