The KGR Fund strategy is an arbitrage strategy that attempts to exploit anomalies in the prices of closed-end funds relative to their underlying securities holdings. 

The strategies we have designed have consistently outperformed their benchmark since inception. The KGR Series gives you an opportunity to invest in four funds with varying risk and geographical exposure. 





Global Opportunities Fund

  • 13%+ annualized returns since inception (2006)

KGR Series I LLC is a long-biased fund that seeks to generate excess return versus global equity markets. The fund objective is to create alpha, net of fees and expenses, over the MSCI All-Country World Index.

The fund invests in closed-end funds that trade at substantial discounts to the actual underlying net asset value, focusing on the best relative discounts of more than 600 closed-end funds while at the same time taking advantage of inefficiencies in the discount volatility inherent in those assets.

Download KGR Series I Fund Fact Sheet PDF





Emerging Markets Fund

  • 16%+ annualized returns since inception (2008)

KGR Series II LLC is a long-biased fund that seeks to generate excess return versus emerging equity markets. The fund objective is to create significant alpha, net of fees and expenses, over the MSCI Emerging Market Index.

The fund invests in closed-end funds that trade at substantial discounts to the actual underlying net asset value, focusing on the best relative discounts of more than 80 closed-end funds with significant emerging market exposure.

Download KGR Series II Fund Fact Sheet PDF

 




Market Neutral Fund

  • 1.8% annualized return since inception (2009)

KGR Series III LLC is a market neutral fund that removes systematic risk and captures closed-end fund discount volatility. The fund objective is to create significant alpha, net of fees and expenses, over risk free investment instruments.

The fund invests in closed-end funds that trade at substantial discounts to the actual underlying net asset value, focusing on the best relative discounts of more than 600 closed-end funds with significant emerging market exposure.

Download KGR Series III Fund Fact Sheet PDF

 





Global Energy Fund

    KGR Series IV is a global energy fund which focuses on the best relative discounts of more then 50 closed-end funds with significant energy exposure. We use the discount volatility of these closed-end funds in order to create significant alpha, net of fees and expenses, over the S&P Global 1200 Energy Index

    Download KGR Series IV Fund Fact Sheet PDF

     

    DISCLAIMER:

    This is not an offering or the solicitation of an offer to purchase any interest in the KGR Series LLC of funds (The Fund). Any such offer will only be made to qualified investors by means of a confidential private placement memorandum, operating agreement, and subscription documents, and only in those jurisdictions where permitted by law. The performance data contained herein represent the actual performance of The Fund net of all fees and expenses. During the time period shown, The Fund used only those investment strategies disclosed in The Fund’s Confidential Private Placement Memorandum. Data presented from January 2005 to May 2006 consist of seperatly mananged accounts managed by Kenneth G Rosenbach. May 2006 to August 2011 consists of BircKennBach, L.P (BKB ), BKB II, BKB III and BKB IV. In September 2011, KGR Capital Management, LLC acquired the proprietary trading strategy and personnel from BKB limited partnerships. All comparisons to indices are for informational purposes only. The Fund’s investment program does not mirror the index and the volatility of the Fund’s investment program may be materially different. All performance figures shown include the reinvestment of any dividends and other earnings, as appropriate. No assurance can be given that the investment objective will be achieved or that an investor will receive a return of all or part of their investment. As with any investment there is the potential that for gains and the possibility of loss. Firm or Strategy AUM represents regulatory assets under management. Actual individual performance results may differ from composite returns.

    The percentage returns shown are calculated for the Partnerships as a whole. The percentage for an individual investor may vary from these percentages based upon different management fees and incentive arrangements and the timing of capital contributions and withdrawals. Performance statistics are presented herein net of fees and allocations; may be subject to change; and are qualified in their entirety by reference to the Fund's audited financial statements. Past performance is not indicative of future returns.

    PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.