Rye Brook, NY-based Kenmar is to launch the Kenmar Global ECO Fund SPC Limited, a socially responsible investment vehicle.
Investors are increasingly favoring corporate practices that are environmentally responsible, support workplace diversity, and increase product safety and quality. The Fund's objective is to address the attainable merger of economic, environmental, ecological and socially responsible stakeholder concerns with the concurrent goal of capital appreciation. The Fund will primarily invest with asset management companies whose approach to underlying investments are within sustainable and ecological guidelines.
According to Marc Goodman and Ken Shewer, Co-Chief Executive Officers and Co-Chief Investment Officers of Kenmar: 'We feel that the concerns of the environmentalists around the world are rapidly merging with Wall Street to create an investment environment that is economically responsible and sustainable.'
A portion of the fees that Kenmar generates through this fund of funds will be donated to the Kenmar ECO Foundation to support environmental and sustainable causes around the globe.
Founded in 1983, Kenmar, a hedge fund of funds manager, specializes in constructing and managing alternative investments for institutional clients worldwide. Kenmar's assets under management are USD 3.2 billion. Headquartered in Rye Brook, NY, Kenmar employs 48 professionals.