(L-R) Africa Infrastructure Investment Manager (AIIM) John Kimotho shares a light moment with Old Mutual Investment Group (OMIG) Managing Director Anthony Mwithiga during a partnership signing between Old Mutual and AIIM that led to the unveiling of an Infrastructure Fund targeting local corporate clients seeking to diversify their investment and gain long-term returns. This is part of OMIG’s blueprint for its Alternative Investment portfolio, a non-traditional channel for investment which includes Private Equity, Venture Capital, Hedge Funds, Art and Antiques, Derivatives, and Commodities among others.
Old Mutual Investment Group (OMIG) has rolled out its Alternative Investment vision targeting pension schemes seeking to diversify their investments and gain long-term returns.
This is against the backdrop of an extensive engagement campaign through pension scheme training, and investment conferences showcasing the success stories of Alternative Investment.
The move is part of the firm’s new commitment to help its clientele unlock possibilities while adding more value to them. Besides, it signifies Old Mutuals’ confidence in Kenya’s pension sector.
OMIG’s Managing Director Anthony Mwithiga said, “Pension schemes by their nature have longer term obligations and by extension more patient capital which is ideal for generating sustainable long term superior returns from Alternative Investments like infrastructure”.
Besides, “We have done well in investing in traditional asset classes like listed shares of bonds and public markets but it’s time to diversify by focusing on Alternative Investments while not forgetting the traditional assets” said Mr Mwithiga.
Steven Umidha is a data and financial journalist with over 14 years of work experience in journalism and communication.
He specialises in finance and economics reporting as well as on the causes, impacts, and solutions of global warming, conservation, pollution and sustainability, often blending scientific literacy with journalist ethics, while involving policy analysis and multimedia storytelling across various platforms in highlighting issues from biodiversity loss to ecological justice.
Besides being the Founder of Financial Fortune Media, Umidha has previously worked with the Standard Media Group, Mediamax Networks LTD, bird story agency, Business Journal Africa, and Financial Post among other outlets.