GlobeOp said its managed account, risk and technology expertise were key elements in the selection decision.
GlobeOp claims that its systems will enhance Kenmar’s ability to provide their investors with detailed and integrated risk analytics and reporting, and independently verified asset and performance data.
Kenmar COO Esther Goodman said GlobeOp’s size and reputation, robust technology platform, data centers and commitment to continuous technological investment offer the scale for continued growth that Kenmar require from a top-tier administration services partner.
GlobeOp president and COO Vernon Barback said Kenmar’s proactive approach to identifying and managing risk aligns well with GlobeOp’s 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," Barback said.
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.
