KENMAR GLOBAL TRUST
UNAUDITED ACCOUNT STATEMENT
FOR THE MONTH ENDING SEPTEMBER 30, 2000
<TABLE>
<CAPTION>
STATEMENT OF INCOME (LOSS)
--------------------------
<S> <C>
TRADING INCOME (LOSS)
Realized Trading Gain/(Loss) ($508,470.51)
Change in Unrealized Gain/(Loss) $ 79,531.03
Gain/(Loss) on Other Investments $ 1,639.49
Brokerage Commission ($171,715,45)
------------
Total Trading Income $599,015.44
EXPENSES
Audit Fees $ 0.00
Administrative and Legal Fees $ 8,805.25
Management Fees $ 0.00
Incentive Fees ($ 19,285.46)
Other Expenses $ 0.00
------------
Total Expenses ($ 10,480.21)
INTEREST INCOME $ 87,538.95
NET INCOME (LOSS) FROM THE PERIOD ($500,996.28)
============
<CAPTION>
STATEMENT OF CHANGES IN NET ASSET VALUE (NAV)
<S> <C>
Beginning of Month $18,732,593.08
Addition $ 322,400.00
Withdrawal ($ 879,680.23)
Net Income/(Loss) ($ 500,996.28)
---------------
Month End $17,674,316.57
Month End NAV Per Unit $ 91.01
Monthly Rate of Return -2.67%
Year to Date Rate of Return -8.60%
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To the best of our knowledge and belief, the information above is accurate and
complete:
/s/ Kenneth A. Shewer /s/ Marc S. Goodman
Kenneth A. Shewer, Chairman Marc S. Goodman, President
Kenmar Advisory Corp., General Partner of
Kenmar Global Trust
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KENMAR GLOBAL TRUST
SEPTEMBER 2000 SUMMARY
rattled the Australian dollar, which fell to a record low before recovering at
month end. Meanwhile, gains in U.S. interest rate markets failed to offset
unprofitable positions in Canadian, European and Pacific Rim markets. Elsewhere,
KGT recorded declines in agricultural commodities and meats. Positions in sugar
were unprofitable as prices rose on a large order in the sugar market by Egypt
only to fall back again at month-end. Performance in energies and metals was
essentially flat. Combined, these declines offset profitable positions in global
stock indices, including Hong Kong's Hang Seng Index which suffered a decline of
9.8%, the largest in the region, on declining technology stocks.
To the best of my knowledge and belief, the above information is accurate and
complete.
Sincerely,
/s/ Esther Eckerling Goodman
Esther Eckerling Goodman
Chief Operating Officer and Senior 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
SEPTEMBER 2000 SUMMARY
October 11, 2000
Kenmar Global Trust (KGT) ended September down 2.7% net of fees and expenses.
There were no large gains or losses for the period. On the positive side, KGT
generated profits in futures on global stock indices, even as the indices
themselves declined. These gains, however, were offset by unprofitable positions
in other sectors traded. The Net Asset Value per Unit of KGT was $91.01 as of
September 30, 2000.
MARKET OVERVIEW
September was notable, less for the ups and downs of free markets, than for the
determination of governments to interfere in two of them. Within the same
24-hour period, the Group of Seven countries intervened in currency markets to
support the euro and the U.S. government announced its decision to release oil
from strategic reserves to dampen soaring energy prices. The immediate impact
gave government officials reason to cheer. Thereafter, the euro gave back a
portion of that appreciation, but crude prices continued to trade at lower
levels. Meanwhile, global equity markets reflected the gathering clouds in the
economic outlook: a weak euro, rising oil prices and disappointing third quarter
earnings reports. Performance was dismal in most stock markets, at least when
compared to the strong gains of August. In general, bond prices followed the
gyrations of the equity markets. U.S. long bond investors fretted over high oil
prices and the impact on U.S. inflation numbers, pushing bond prices lower.
Government intervention brought some relief, but the long bond still ended lower
for the month. Elsewhere, prospects for an OPEC-like cartel of coffee producers,
which would limit production, sent coffee prices soaring despite ample world
inventories.
PERFORMANCE SUMMARY
In the currency markets, KGT performance was negatively impacted by positions
largely in euro, Australian and Canadian dollars. The euro reached record lows
against the U.S. dollar, reflecting the continuous outflow of European capital
into the U.S. Persistent U.S. dollar strength also
ALLOCATION OF ASSETS TO ADVISORS
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<CAPTION>
OCT 1 SEPT 1
2000 2000
---- ----
<S> <C> <C>
Beacon 5% 6%
Bridgewater 29% 33%
C-View 6% 0%
Grinham 24% 24%
Sunrise 18% 17%
Transferred 18% 20%
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PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
