Sat, Feb 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

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

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. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  2. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  3. Institutional Investors - Hedge funds regain their appeal for a $57 billion asset manager, Private credit strategies in stratosphere[more]

    Hedge funds regain their appeal for a $57 billion asset manager From Bloomberg.com: With volatility back on the radar, one of the Nordic region's biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment off

  4. Investing - All aboard for hedge funds as trade tide lifts shipping, Hedge funds pile into Time Warner in bet on merger success[more]

    All aboard for hedge funds as trade tide lifts shipping From Reuters.com: Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are tran

  5. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac