Anello launches managed accounts
Anello Asset Management (AAM), the independent alternative investment manager and specialist managed account provider, reveals the launch of two stand alone managed accounts, the AAM Isis FX Programme and AAM Omega Programme.
The AAM Isis FX Programme aims to provide superior returns utilising short-term trading strategies within the global currency markets, said Anello in a statement.
The programme, which has a potential capacity of about $1bn, is managed by portfolio manager Imran Khan. He launched an identical currency programme in Switzerland in 2004 under Covex Capital. This fund showed a positive return for seven years running, including 15.61% in 2010.
Anello said its AAM Omega Programme seeks to deliver absolute, risk-adjusted alpha returns utilising proprietary trading strategies within an omega overlay. The programme, targeted at institutional clients, uses a systematic, global macro strategy with a multi-asset base and has a predicted capacity of $300m. The programme aims to replicate the Blue Fin Capital PTY Compact Omega Programme in Australia, which last year showed returns of 50%.
The announcement of the two programmes, which are both regulated in the UK through AAM, follows the launch of the business in 2010, which is the concept of partner Amit Mehta.
Mark Hewlett, partner, Anello Asset Management, said the managed account format “will be the future for investment products in the UK. Since the market turmoil, there have been ongoing calls from investors for investment transparency, liquidity and control. Unlike traditional funds, managed accounts provide investors with a separate account and real-time access to their own money, which has proven particularly successful and popular in the US.”