Wrappers / Structures

Kenmar starts UCITS fund of managed accounts


Kenmar Group in New York is launching a UCITS fund of managed accounts, initially aimed at institutional investors. The Kenmar Liquid Commodity Index Fund will be domiciled in Luxemburg and is expected to start trading in October.

Ken Shewer, co-founder and co-chief investment officer of the Kenmar Group, said that Kenmar has been in the managed account space for the last 27 years and a UCITS of managed accounts is a valuable form of distribution.

Shewer said: "We are expecting final approval from the Commission de Surveillance du Secteur Financier, the Luxembourg financial services regulator, in the next few weeks.