A survey of investment practices of pension fund managers in Kenya
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Date
2003-09Author
Omonyo, Austen B
Type
ThesisLanguage
enMetadata
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This study considered the investment practices of pension fund managers in Kenya. The
study surveyed the practices of pension fund managers in an environment constrained by
RBA investment guidelines. The findings of the study failed to establish a significant
difference in asset allocation strategies of different fund managers. It however revealed
that risk and return are the key considerations in investment.
The study identified market illiquidity as the main problem facing fund management. The
sector had considerable growth both in size and scope over the study period. The findings
were analyzed in juxtaposition with the theoretical and empirical framework and
recommendations have been made to minimize deviations from what is expected of this
sub sector. The study established that the regulations in place were general and not
specific to the extent that a fund manager could easily manipulate them to meet their
personal whims. The study thus highly advocates for more stringent regulation and the
introduction ofless costly investment vehicles
Citation
MBAPublisher
School of Business, University of Nairobi