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Devet Capital gains NFA license

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Systematic alternative investment manager Devet Capital Investments has received a license from the US National Futures Association enabling it to extend the marketing of the Devet Capital Absolute Return Strategy to American investors.

In the UK, Devet is authorised and regulated by the Financial Conduct Authority. Devet Capital Investments, founded by Irene Perdomo, formerly of Noble Resources Singapore and Barclays London, and Leonardo Marroni, formerly of GLG Partners and Barclays London opened to external investment in September 2015 and has raised some USD27 million in 12 months from a diverse group of investors interested in participating in Devet’s market neutral, systematic approach to trading liquid commodity futures and forwards. 
The firm writes that in total it has AUM approaching USD35 million. “We are very pleased to have received the NFA license,” says Irene Perdomo (pictured). “Devet’s commitment to seeking consistent positive returns with very low volatility and controlled drawdowns has prompted interest from investors from a range of geographies and we now hope, given the new regulatory approval, to market aggressively our product in the US.”

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