Sarnia Asset Management welcomes Robert Kenedi to the board
Sarnia Asset Management
Sarnia Asset Management is licensed by the Guernsey Financial Services Commission.
The team at Sarnia Asset Management are delighted to welcome a long-standing friend and supporter to the board of directors.
Robert Kenedi comes with 30+ years of experience?in fund management, principal investing, investment banking, and executive management.
Current and recent engagements include serving as Chairman of a privately-owned asset management firm with $500m AuM, and as board member of a strategic consulting and investment vehicle that serves 15 Ultra High Net Worth Individuals and Family Offices.
Previous roles included being partner in a London-based, FCA regulated hedge fund, and co-advising a hedge fund together with one of the wealthiest Australian families.
“I believe that Sarnia AM is in a privileged situation of being able to offer differentiated investment products on its platform which should be attractive to investors who are otherwise inundated with run-of-the-mill “me too” investment funds," commented Robert. "I look forward to the many ways in which I can support the team in this exciting phase of their corporate development.”
“Each of the three co-founders of Sarnia AM have known Robert for at least a decade," commented Swen Lorenz, CEO of Sarnia Asset Management. "Given how people-driven the fund management industry is, I am delighted how we continue to have colleagues and friends with a decades-long shared history join us in our mission of bringing truly differentiated products to our high net worth investor and family office audience.”
Skin in the game - a checklist for evaluating fund managers
Are a fund manager’s interests aligned with your own? A great way to find out is to check whether they have their own money invested in the funds they manage.
As renowned UK fund manager Terry Smith of Fundsmith fame once asked, “Who would trust a chef who wouldn’t eat his/her own cooking?” The analogy was aimed at fund managers who don’t have a considerable amount of their own savings invested in the fund they’re trying to sell to you. If they don’t put their money where their mouth is, why should you trust them to have your best interests at heart?
It stands to reason that a manager who invests alongside his or her investors will have a greater incentive to perform well vis-à-vis a manager who just collects the management fees. But as anyone who has dabbled in the mutual fund space will very well know, managers with a significant personal stake (by which we mean material relative to their own personal wealth) in their own funds are few and far between.
However, when you do find one of these rare breed of managers, you should pay close attention to them as the data suggests they tend to produce superior investment performance....
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Disclaimer:?This newsletter is intended for informational purposes only. This newsletter is not intended to invite, induce or encourage any persons to engage in any investment activities and is not a solicitation or an offer to buy or sell any stock, investment product or other financial instruments. If in doubt, please seek financial advice from an independent financial adviser. Sarnia Asset Management is licensed by the Guernsey Financial Services Commission (GFSC). Past performance is not an indication of future returns. Investments carry risk, including the risk that you will not recover the sum that you invested.