Funds of Hedge Funds

Kenyon resurfaces with relative value


Mark Kenyon, founder of UBP Asset Management and a 22-year veteran of the industry, has started his own fund of funds with a focus on credit and arbitrage strategies and is poised to do well as a result of last year's downturn.

Mark Kenyon

KStone Partners offers two funds that invest in a range of 15 to 25 managers that are mainly credit-oriented, but also include a small amount of long/short equity. The managers invest in investment-grade debt, high-yield bonds, bank loans, mortgage-backed securities, municipal debt securities, convertible debt and distressed-debt securities.

With 85% invested in