GenAfrica Asset Manager overtook the National Social Security Fund (NSSF) in portfolio size at the end of June, marking the first time the State-owned fund has fallen behind a private fund manager in nearly seven years.
Data from the Retirement Benefits Authority (RBA) show that GenAfrica had Sh353.8 billion worth of assets under management on its books in June, compared to the NSSF’s Sh308.26 billion worth of assets.
