PineBridge tops list of private fund managers with Sh159b

Nairobi; Kenya: PineBridge Investments East Africa Ltd has been ranked as one of the wealthiest fund managers in Kenya with assets under its management estimated to be worth Sh158.9 billion. This is according to Alexander Forbes Consulting Actuaries Schemes (AFCASS) survey which covered some 381 schemes, for the period ending June, 30th,  2014.

It is followed by Genesis Kenya Investment Management Ltd, with assets valued at Sh106.2 billion, Old Mutual Investment Group Sh79.2 billion, Stanlib Investments Sh73.3 billion, Co-op Trust Sh46.5 billion, ICEA Lion Sh29.7 billion and African Alliance Securities Sh6.6 billion.