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Kenmar chooses GlobeOp for alternatives fund administration

Tuesday, March 29, 2011
The Kenmar Group, a Rye Brook-based $1.5 billion global alternative investment firm, has selected GlobeOp Financial Services to provide an extensive range of fund administration, risk and data centre-related services.

Kenmar invests in managed accounts and funds across a wide variety of trading strategies. The firm’s CLariTy Managed Account & Analytics Platform is comprised of 40 separately managed accounts. GlobeOp’s managed account, risk and technology expertise were key elements in the selection decision.

“Since our inception in 1983, Kenmar has recognised the value of transparency and of providing our investors with the most advanced technology and information access available,” said Esther Goodman, chief operating officer of Kenmar. “As technology develops, we continue to look for better and more efficient ways to use data. We harness technological innovation to our advantage and for the benefit of our clients. The integration of risk and customised reporting is a central operational requirement. GlobeOp’s systems will enhance Kenmar’s ability to provide our investors with detailed and integrated risk analytics and reporting, and independently verified asset and performance data. Their size and reputation, robust technology platform, data centres and commitment to continuous technological investment offer the scale for continued growth that we require from a top-tier administration services partner.”

“We welcomed the rigour and attention to detail of Kenmar’s due diligence during the selection process,” said Vernon Barback, GlobeOp president and COO. “Their proactive approach to identifying and managing risk aligns well with our commitment to operational transparency and controls. We appreciate their trust and confidence in our experience, people and technology to strengthen their platform and increase the value added for their clients.”

Added George Evans, GlobeOp head of business development: “Kenmar’s 27 years of managed account experience continually raises the bar in terms of industry best practices and investor reporting solutions. We look forward to supporting them with an established infrastructure and processes that now serve more than 250 managed accounts.”

GlobeOp’s managed account services – GoMAP™ – offer independent middle+back office and risk services, and daily, in-depth data and reporting tools.
www,globeop.com
Press Release
bc

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