Risk Management

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Kenmar Group Selects GlobeOp For Managed Account Fund Administration, Risk, Managed Services

Kenmar's CLariTy Managed Account & Analytics Platform is comprised of 40 separately managed accounts.

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," she said.

"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 centers and commitment to continuous technological investment offer the scale for continued growth that we require from a top-tier administration services partner," Goodman added in a release.

"We welcomed the rigor 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."

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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