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Pension funds raise investments in offshore, PE
Total assets under management held by the pensions industry grew by Sh275.1 billion to close June 2024 at Sh1.98 trillion, the closest it has come to breaching the Sh2.0 trillion mark.
Pension funds raised their offshore and private equity investments in the year to June 2024, new data shows, underlining a quest to cushion their investment from forex-related erosion and protect shareholder returns.
Data by the Retirement Benefits Authority (RBA) shows that offshore investments by pension funds grew by 68.8 percent in the 12 months to June 2024 closing at Sh39.04 billion, making them the fastest-growing asset class in the period under review.
