Montello granted regulated UK fund manager status

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Montello CMMontello has received full regulatory status from the Financial Conduct Authority (FCA) as a UK fund manager.

Montello now operates under its own license which marks a key milestone in the company’s growth, having previously worked with third party operator, NCM Fund Services Ltd.

Joseph Samuel, Director of Funds Management & Distribution, said:

“As we make the transition from boutique fund manager to mainstream real estate asset manager, Montello is keen to always go further than what is required when it comes to compliance and transparency. We launched the Montello Real Estate Opportunity Fund in January 2014, which is a fully regulated fund set up out of Luxembourg. We now begin 2015 as a fully FCA-regulated fund manager, which provides investors with a great deal of comfort about our operation.”