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K E N M A R
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Allocation of
Assets to Advisors
NOV 1 OCT 1
1998 1998
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Dreiss 20% 22%
Hirst 22% 22%
Hyman Beck 24% 26%
Sunrise 22% 22%
Willowbridge 12% 8%
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K E N M A R G L O B A L T R U S T
OCTOBER 1998 SUMMARY
November 16, 1998
Kenmar Global Trust (KGT) was down -2.09% for the month of October. As of
October 31, 1998, the net asset value per unit was $115.90, up +15.78% year to
date.
KGT's negative performance for October was not surprising in view of the last
few months' outstanding performance. The year-to-date numbers speak for
themselves.
The month of October ended down with gains being realized in the currencies,
energies and metals while losses occurred in a number of areas including
financials, global indices, grains and tropicals.
The trading activity for October slowed considerably as most of our traders
reduced their positions (in some cases by over 50%). We continue to see
longer-term trends that we believe will produce opportunities during the
remainder of the year and are not surprised that some of the recent volatility
has cooled down.
Please review the supplement which is enclosed regarding Y2K, European
Monetary Union and a personnel change at Kenmar.
To the best of my knowledge and belief, the above information is accurate and
complete.
Sincerely,
Robert L. Cruikshank
Executive Vice President
Kenmar Advisory Corp., as Managing Owner
Kenmar Global Trust
Past performance is not necessarily indicative of future results.
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KENMAR GLOBAL TRUST
UNAUDITED ACCOUNT STATEMENT
FOR THE MONTH ENDING OCTOBER 31, 1998
STATEMENT OF INCOME (LOSS)
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TRADING INCOME (LOSS)
Realized Trading Gain/(Loss) $738,611.61
Change in Unrealized Gain/(Loss) (895,882.82
Gain/(Loss) on Other Investments 0.00
Brokerage Commission (183,288.96)
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Total Trading Income ($340,560.17)
EXPENSES
Audit Fees $ 0.00
Administrative and Legal Fees 11,108.43
Management Fees 0.00
Incentive Fees 72,549.52
Other Expenses 58,190.32
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Total Expenses $141,848.27
INTEREST INCOME $ 64,438.46
NET INCOME (LOSS) FOR THE PERIOD ($417,969.98)
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STATEMENT OF CHANGES IN NET ASSET VALUE (NAV)
Total Fund
Beginning of Month $19,996,182.99
Addition 2,351,500.00
Withdrawal (143,179.52)
Net Income/(Loss) (417,969.98)
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Month End $21,786,533.49
Month End NAV Per Unit $115.90
Monthly Rate or Return 2.09%
Year to Date Rate of Return 15.78%
To the best of our knowledge and belief, the information above
is accurate and complete.
Kenneth A. Shewer, Chairman Marc S. Goodman, President
KENMAR ADVISORY CORP., Managing Owner of
Kenmar Global Trust
