Unit trusts controlled by Genghis Capital, including Mali Money Market Fund, lost a combined Sh628.5 million in assets in the first three months of the year to March, amid recent headwinds for the firm.
In January, the Nairobi-based investment bank ran into trouble when a South African businessman instructed auctioneers to seize office equipment for sale to recover a debt of Sh354 million ($2.74 million).
