Kenia but a lot of the Kenians on Wazua appear as refugees in their own country (read they know little of how it works.)

@Nabwire - am a trader thus buy & hold dont work for me. This way I short & long as per the trend. NSE has no short selling. Would be in da monies a long time ago thus I short NSE via treasurys with measly returns. Very unfair for now since CBK has also blocked KES fx trades That USDKES was a good trade as it zoomed past 90 last year.
I'm also not based in KE (almost Thur 5am here), but I like the safcom stock, not as a telco, but the mpesa bank part. They should separate them & unlock its value. Still scoping it for now. KK too is kool, but only below 9/-. It has refused to obey my wish in this bear As for bank, I'm not touching them with the current monetary disorder.

Is this an invitation to join your group or proposal to give investment insight? Im hoping the latter for a fee!!

I don't know about that!

Drunkard give the specifics eg how much is the contribution, who is in charge of the investments ( his/her qualifications/track record)which equities, time frame etc etc

and how will the thinking and actions of 16 heads be harmonised considering this isn't an industrial plant? Better have a full-time or available on call manager(s), trust me, I know. From the wordings the level of commitment is low..u have provided for easy exit even b4 u've started no lock in, profit sharing in a year, what's the horizon here? Is it long?...aich!

@Nabwire,
First I don't remember inviting you so lets skip that part.
Answers for the questions:
1) If you can do it yourself with better return, thats great, part of the reasons why we decided to pool fund together is because everyone of us have unique skills that we wanted to leverage.

2) Yes 16 managers, that doesn't mean 16 people sit and make decision on whether to invest in Bank of America or not, There are programmers to code trading softwares, there are acountants to check the numbers, there are economists to advice on economics and they're finance people.
3) Yes we're all part-time, we're not day-traders, most of the guys follow the market religiously during their day job and use that knowledge later during the day to execute, we also use programmed trading softwares during the day no need for human presences.

4) yes 30% profits, usually hedge fund take 2% management fee and 20% profit, so since we're not taking management fee, we will take 30% of profits, so if we double you $100 we take $30. we do not touch capital something other managers do.

5) Our investment objective do not include dividend returns and we invest in small cap stock that do not usually pay dividends.

6)yes the ratios are as indicated, when you're managing five figure amount, it is absolutely in line if you put all the money in risk investments, infact you can invest in one stock, but when the number turn to a six and above, you start looking at copula, Gamma, equalities,probabilities and hedging techniques at the same time look for arbitrage opportunities you're not going to just invest carelessly.

7) Fund managers work in Finance & Accounting firms, translates to they basically dont know what they are doing? Again, joining the group was not discuss anywhere and again in my experience in life I can tell you that, show me what you can do and I will show you someone else who can do it better, so don't bash people you don't know what they can do, so humble a little bit.
Lastly, If I know you can make money for us, I will absolutely bet on you but first someone else must have recognize you as a great talent. Everyone here have met someone who talk too much and know too little. So what do you have?

Drunkard Investing 101, take the emotions out, its not personal its just business.
Actually I wouldnt be interested even in being a Consultant, coz I would have 16 headaches to deal with.
About the Accounting bit, I was relating it to a relative who is CPA MBA , she makes good money but has no investments and has no clue how to invest. I wasnt trying to put them down or anything, I know abit of Accounting but I could def not do what she does and vice versa.
On the programming bit, I like to keep things super simple
Anyways good luck on your venture.

@Amolo,
In today's DN I have seen the average 91 day T-Bill bid price for last week's auction was 95.07
If I want to bid AVERAGE for next week's auction,what bid price would I use since the weighted average rate is unknown?
Also,in the event of an over-subscription, what factors would be used to reject an application?