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Sterling Capital to launch Sh2 billion hedge fund
Kuramo Capital Partner and Co-Chief Investment Officer Shaka Kariuki (left) and Sterling Capital Chairman Stanley Ngaine sign documents to close an equity deal at the Kuramo Capital Offices in Nairobi. FILE PHOTO | NMG
Investment bank Sterling Capital will this year launch a Sh2 billion hedge fund that will raise money from institutions and high-net-worth individuals to invest in a wide range of assets and strategies.
These include the proposed introduction of derivatives on the Nairobi Securities Exchange (NSE) #ticker:NSE that will allow the fund to make bets on movements of prices of assets such as stocks.
