Kenmar Group, a global alternative investment firm headquartered in Rye Brook, New York, has
Kenmar Group, a global alternative investment firm headquartered in Rye Brook, New York, has launched what is thought to be the first-in-class UCITS III-compliant commodity fund of funds in partnership with RBS. Named the Market Access III Kenmar Liquid Commodity Index Fund, it aims to give investors exposure to a diversified portfolio of commodity managers whose long/short nature is expected to help reduce downside volatility. The fund, structured by RBS, has been launched through the bank’s Lux-domiciled SICAV – Market Access III. No firm details on fund size, source of seed capital or number of fund managers are presently known. Commenting on the launch, Marc Goodman and Ken Shewer (pictured), Co-CEOs and Co-CIOs of Kenmar said: “RBS’s global reach and unparalleled expertise in structuring client solutions makes them the ideal partner for bringing this product to market.” Established in 1983, Kenmar Group is split across four companies specializing in multi-managed funds, single-managed funds as well as a managed account platform to service global institutions, private banks, pension funds and sovereign wealth funds. RBS Director of Global Structuring, Richard Patey, added: “Kenmar’s institutional CLariTy Managed Account & Analytics Platform is the ideal tool for complying with the liquidity and transparency restrictions within the UCITS Directives.”
