Sun, Dec 4, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Kenmar and the Royal Bank of Scotland plc launch first commodity fund of funds in UCITS Format

Tuesday, November 16, 2010
Opalesque Industry Update - The Kenmar Group and the Royal Bank of Scotland (RBS) plc announce the launch of what they believe to be the first ever commodity fund of funds in a UCITS III format. The Market Access III Kenmar Liquid Commodity Index Fund seeks to provide global investors with the performance of a diversified portfolio of commodity managers with significantly reduced downside volatility versus typical longonly commodity indices, achieved by the long/ short nature of the underlying managers.

According to Messrs. Marc Goodman and Ken Shewer, Co‐Chief Executive Officers and Co‐Chief Investment Officers of Kenmar, “We are delighted to team up with RBS in offering an innovative investment solution for investors in the commodity space. RBS’s global reach and unparalleled expertise in structuring client solutions makes them the ideal partner for bringing this product to market.”

Mr. Richard Patey of RBS added, “Kenmar’s more than 25 years in the industry allows for access to investment managers with demonstrated track records. In addition, Kenmar’s institutional CLariTy Managed Account & Analytics Platform is the ideal tool for complying with the liquidity and transparency restrictions within the UCITS Directives. In today’s market, concerns about operational risk, position transparency and liquidity are key factors in an investor’s decision making process. Kenmar’s experience in monitoring and administering managed accounts, coupled with its long experience in hedge funds and managed futures, will provide a unique and valuable source of comfort to investors in the Kenmar Liquid Commodity Index Fund.”

The Fund is UCITS III compliant and adheres to the highly regulated framework set out in the UCITS Directives. RBS has structured the fund and has launched it under its Luxembourg domiciled SICAV Market Access III. RBS is a recognized provider of low cost and efficient index funds based on innovative and niche underlyings.

The launch of the Market Access III Kenmar Liquid Commodity Index Fund combines RBS’s position as one of the leading providers of thematic indices with their experience of managing a large array of fund products.

(press release)

Founded in 1983, The Kenmar Group is a global alternative investment firm whose clients include major global investment banks, asset managers, corporations, government institutions, pension funds, private banks, family offices and a broad high net worth private investor base. Kenmar is headquartered in Rye Brook, NY, with additional offices in Richmond, VA, Singapore and the UK...Corporate website: Source
KM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released