The AAM Mantis Program, focused on currencies, commodities and equities, opened at the end of June. The account will opportunistically trade G10 currencies, as well as fixed income, indices and single-name equities through the 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 account to its existing investor base, Hewlett says, offering them a diversification opportunity alongside its flagship currency-focused managed accounts. The firm has hired Stavros Loizou, formerly a fund manager for Fuji Bank, to help launch the venture.
Asked why the specialist managed account provider picked IG Markets to trade on, Hewlett says: “They’re the market leader. Our clients feel comfortable dealing with a firm of their size.”
Anello’s flagship managed account 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 accounts to investors, and which now makes up a third of the manager’s investor base.