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Dying bond markets claims fund managers' jobs

Sanlam says it has lost Sh2.27 to many institutions like Chase Bank, Imperial Bank, Athi River Mining and Real People. [Courtesy]

Fund managers and investment advisers are facing job cuts owing to falling revenues, as companies default on corporate bonds.

This follows the loss of billions of shillings in several firms due to the collapse of the bond market. Now, someone has to take the blame.

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