Fund management company Anello Asset Management (Anello) will be launching new products and will be expanding into the US shortly, after successfully registering with the Commodity Futures Trading Commission (CFTC) and becoming a member of the National Futures Association (NFA).
Having established the business for the UK market in 2009 and subsequent Financial Services Authority (FSA) approval in 2010, Im very pleased that were now able to market in the US at this early stage of our development,” says Amit Mehta, Partner, Anello Asset Management. “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.
All companies wishing to trade in the US must be registered with the US regulator for the commodities futures and option markets 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.
The firm, which focuses on providing professional investors with returns via systematic trading of the major spot foreign exchange and global futures markets, says that an increase n US-based client demand has driven the group to expand in North America and subsequently expand its product offerings.
Since November 2010, weve been inundated with calls from US investors wanting to invest in our managed accounts and had to turn those enquiries away, as we werent regulated in the US,” says Mehta. “So, with this in mind, weve accelerated our move into the US and hope to submit disclosure documents to the NFA for the Isis programme within a week.”