The Mantis Performance fund, focused on currencies, commodities and equities, opened at the end of June. The fund will opportunistically trade G10 currencies, as well as fixed income, indices and single-name equities through IG Markets' CFD platform. Currency futures and options will be traded alongside all G10 currency pairs.
"It's a multi-asset strategy offering," Mark Hewlett, a partner with Anello, tells EuromoneyFXNews. "We found CFD providers could offer that in one place, which eliminates the need to deal with different desks and reporting centres."
Anello will initially market the fund to its existing investor base, Hewlett says, offering them a diversification opportunity alongside its flagship currency-focused funds. The firm has hired Stavros Loizou, formerly a fund manager for Fuji Bank, to help launch the venture.
Asked why the firm picked IG Markets to trade on, Hewlett says: "It's the market leader. Our clients feel comfortable dealing with a firm of that size."
Anello's flagship fund is the Isis FX Program. The firm received US Commodity Futures Trading Commission approval for its products in the US earlier this year, allowing it to market its fund to investors, and which now makes up a third of the fund's investor base.