Well Guru267 different strokes to different folks. You are an investment professional I believe you know the best.
My take on this is that it is EXTREMELY IMPORTANT to allow a portion of your funds to be managed by other experts as one cannot be perfect in solo stocks investment (Remember of recent Kenya RE, Mumias, KQ, Safcom), some peoples expectation were dashed.
Even for leverage reasons, insurance companies spread their risk by investing on other insurance firms (Re-Insurance).
These days no man is an island, collective investment in 21st century from my point of view is a wise decision.
The question remains, which are the good fund managers around ?
I cannot speak about Kenya as I am not there, but there is NONE in my country Nigeria in terms of consistency and salutory returns.
I pitched my tent with Ghana based fund manager cum stockbrokers called databank group of Ghana
www.databankgroup.com since 2003.
I subscribe to E-pack product and the average return since then is 40% including the 2008/2009 economic down turn.
HOW ?
They invest in not less than 11 African stock exchanges, in Kenya they have a large stake in Equity, EABL, KPLC, and Jubilee !!!Asante Sana
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .