Fund managers are also feeling the pain, not only in terms of earnings but also from the erosion of pension investments: The 26 fund management firms in Kenya have invested on average 23 per cent of their portfolio in equities. FOTOSEARCH
Fund managers in Kenya are working to safeguard pension funds from further erosion by a protracted bear run at the stockmarket.
Over the past year, the Nairobi Securities Exchange has recorded a persistent bear run that has seen the NSE All Share Index and the NSE 20 Share Index plunge by 18 per cent and 23.7 per cent respectively.
