UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the ~~Securities Exchange Act of 1934~~

~~April 30,~~Securities ~~2010~~Exchange Act of 1934

October 29, 2010

Date of Report (Date of Earliest Event Reported)

KENMAR GLOBAL TRUST

(Exact name of Registrant as Specified in its Charter)

Delaware

333-08869

06-6429854

(State or other Jurisdiction of

Incorporation or Organization)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

900 King Street, Rye Brook, New York 10573


900 King Street, Rye Brook, New York		10573
(Address of principal executive offices)		(Zip Code)

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (914) 307-7000

(Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01

Entry into a Material Definitive Agreement

On October 29, 2010, Kenmar ~~Global~~Preferred ~~Trust~~Investments Corp., Registrant’s managing owner (the “~~Registrant~~Managing Owner”), ~~entered~~completed ~~into~~payment of ~~Amendment~~all ~~No. 2~~amounts ~~dated~~owed ~~April 30,~~by ~~2010~~it to ~~its~~Registrant pursuant to the Demand Promissory Note dated September 24, 2007 and effective as of August 10, 2007 (the “Note”), ~~with~~as ~~Kenmar~~amended ~~Preferred~~on ~~Investments~~February 23, ~~Corp.~~2009 ~~(“Kenmar~~and ~~Preferred”)~~April 30, 2010. The Note and each amendment to the ~~managing~~Note ~~owner~~are ofincorporated herein by reference to Exhibit 4.1 to Registrant’s Current Report on Form 8-K filed on September 28, 2007, Exhibit 4.2 to ~~reflect~~Registrant’s ~~that:~~Current Report on Form 8-K filed on February 25, 2009, and Exhibit 10.13 to Registrant’s Current Report on Form 8-K filed on May 3, 2010, respectively.

1. Fifty percent (50%) of the outstanding principal amount of the Note, along with all accrued and unpaid interest thereon, will be due and payable by Kenmar Preferred on December 31, 2010; and

2. Fifty percent (50%) of the outstanding principal amount of the Note, along with all accrued and unpaid interest thereon, will be due and payable by Kenmar Preferred on December 31, 2011.

In addition, Registrant and Kenmar Preferred entered into a Pledge Agreement dated April 30, 2010 whereby Kenmar Preferred pledged to Registrant, and granted Registrant a continuing security interest in, all right, title, claim and interest of the Pledgor in and to (a) the management fee payable by World Monitor Trust III to Kenmar Preferred pursuant to Section 4.9 of the Second Amended and Restated Declaration of Trust and Trust Agreement of World Monitor Trust III, dated March 31, 2010 (the “WMT-III Management Fee”) and (b) all rights, powers and privileges of Kenmar Preferred under or with respect to the WMT-III Management Fee.

Item 9.01

Financial Statements and Exhibits

Exhibit No.		Description
10.13		Amendment No. 2 dated April 30, 2010 to Demand Promissory Note by Kenmar Preferred Investments Corp. to Kenmar Global Trust
4.1		Demand Promissory Note dated September 24, 2007, effective as of August 10, 2007, made by Kenmar Preferred Investments Corp. (formerly Preferred Investment Solutions Corp.) in favor of Kenmar Global Trust (incorporated herein by reference to Exhibit 4.1 to Registrant’s Current Report on Form 8-K filed on September 28, 2007)
10.14		Pledge Agreement dated April 30, 2010 between Kenmar Preferred Investments Corp. and Kenmar Global Trust
4.2		Amendment No. 1 dated February 23, 2009 to Demand Promissory Note by Preferred Investment Solutions Corp. to Kenmar Global Trust (incorporated herein by reference to Registrant’s Current Report on Form 8-K filed on February 25, 2009)
10.13		Amendment No. 2 dated April 30, 2010 to Demand Promissory Note by Kenmar Preferred Investments Corp. to Kenmar Global Trust (incorporated herein by reference to Registrant’s Current Report on Form 8-K filed on May 3, 2010)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, ~~this~~the ~~report~~registrant has ~~been~~duly ~~signed~~caused ~~below~~this byreport ~~the~~to ~~following~~be ~~person~~signed on its behalf ofby the ~~Registrant~~ inundersigned ~~the capacity indicated on May 3~~hereunto, ~~2010~~duly authorized.

	KENMAR GLOBAL TRUST (Registrant)
	KENMAR GLOBAL TRUST
	By:	Kenmar Preferred Investments Corp.,its Managing Owner
	(Registrant)
Date: May 3, 2010	By:	/s/ Lawrence S. Block
	By:	Kenmar Preferred Investments Corp.its Managing Owner
		Name:	Lawrence S. Block
Date: November 2, 2010	By:	/S/ LAWRENCE S. BLOCK
		Title:	Executive Vice President
	Name:	Lawrence S. Block
			and General Counsel
	Title:	Executive Vice President and General Counsel

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