Thu, Nov 26, 2015
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

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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  3. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega