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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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winmak wrote:Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?
I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out. Well CMA doesnt obligate the unit trusts to make such disclosures the same way RBA does for pension fund managers. Even Amana's silly trustee representative had the audacity to tell members at the extraordinary general meeting that Amana is a transparent fund manager by virtue of the act of calling members to a special meeting to disclose the investment they'd made in Nakumatt. Your only shot is to befriend a top insider for you to be forewarned. In any case such an insider would be betraying their employer's duty of confidentiality. That's how I managed to withdrawal most of my funds in Amana before the freeze. I knew the former GM personally, hence when he fell out with Amana's co-founder Hardy Pemhiwa he told me to withdrawal my funding. I first thought he was hating because of the fallout but I listened to my gut and took action, albeit late. If it don't make dollars, it don't make sense
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Balaa wrote:winmak wrote:Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?
I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out. Well CMA doesnt obligate the unit trusts to make such disclosures the same way RBA does for pension fund managers. Even Amana's silly trustee representative had the audacity to tell members at the extraordinary general meeting that Amana is a transparent fund manager by virtue of the act of calling members to a special meeting to disclose the investment they'd made in Nakumatt. Your only shot is to befriend a top insider for you to be forewarned. In any case such an insider would be betraying their employer's duty of confidentiality. That's how I managed to withdrawal most of my funds in Amana before the freeze. I knew the former GM personally, hence when he fell out with Amana's co-founder Hardy Pemhiwa he told me to withdrawal my funding. I first thought he was hating because of the fallout but I listened to my gut and took action, albeit late. CMA and other watchdogs in Kenya are just toothless and fraud in themselves. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Balaa wrote:winmak wrote:Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?
I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out. Well CMA doesnt obligate the unit trusts to make such disclosures the same way RBA does for pension fund managers. Even Amana's silly trustee representative had the audacity to tell members at the extraordinary general meeting that Amana is a transparent fund manager by virtue of the act of calling members to a special meeting to disclose the investment they'd made in Nakumatt. Your only shot is to befriend a top insider for you to be forewarned. In any case such an insider would be betraying their employer's duty of confidentiality. That's how I managed to withdrawal most of my funds in Amana before the freeze. I knew the former GM personally, hence when he fell out with Amana's co-founder Hardy Pemhiwa he told me to withdrawal my funding. I first thought he was hating because of the fallout but I listened to my gut and took action, albeit late. Thanks @Balaa, sasa kazi ni kutafuta the top guys, I know a few, but these ones I doubt have high level info For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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winmak wrote:Balaa wrote:winmak wrote:Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?
I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out. Well CMA doesnt obligate the unit trusts to make such disclosures the same way RBA does for pension fund managers. Even Amana's silly trustee representative had the audacity to tell members at the extraordinary general meeting that Amana is a transparent fund manager by virtue of the act of calling members to a special meeting to disclose the investment they'd made in Nakumatt. Your only shot is to befriend a top insider for you to be forewarned. In any case such an insider would be betraying their employer's duty of confidentiality. That's how I managed to withdrawal most of my funds in Amana before the freeze. I knew the former GM personally, hence when he fell out with Amana's co-founder Hardy Pemhiwa he told me to withdrawal my funding. I first thought he was hating because of the fallout but I listened to my gut and took action, albeit late. Thanks @Balaa, sasa kazi ni kutafuta the top guys, I know a few, but these ones I doubt have high level info Ask them to provide you with Fact Sheets. Fact Sheets disclose assets that the fund had invested in and the returns. If the don't provide you with fact sheets, move your money to a more open fund. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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winmak wrote:Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?
I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out. So that's the withdrawal method I have heard about. but never managed! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Sad sana. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Angelica _ann wrote:Balaa wrote:winmak wrote:Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?
I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out. Well CMA doesnt obligate the unit trusts to make such disclosures the same way RBA does for pension fund managers. Even Amana's silly trustee representative had the audacity to tell members at the extraordinary general meeting that Amana is a transparent fund manager by virtue of the act of calling members to a special meeting to disclose the investment they'd made in Nakumatt. Your only shot is to befriend a top insider for you to be forewarned. In any case such an insider would be betraying their employer's duty of confidentiality. That's how I managed to withdrawal most of my funds in Amana before the freeze. I knew the former GM personally, hence when he fell out with Amana's co-founder Hardy Pemhiwa he told me to withdrawal my funding. I first thought he was hating because of the fallout but I listened to my gut and took action, albeit late. CMA and other watchdogs in Kenya are just toothless and fraud in themselves. Once the people in the watchdogs get their cut, anything goes Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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sparkly wrote:winmak wrote:Balaa wrote:winmak wrote:Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?
I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out. Well CMA doesnt obligate the unit trusts to make such disclosures the same way RBA does for pension fund managers. Even Amana's silly trustee representative had the audacity to tell members at the extraordinary general meeting that Amana is a transparent fund manager by virtue of the act of calling members to a special meeting to disclose the investment they'd made in Nakumatt. Your only shot is to befriend a top insider for you to be forewarned. In any case such an insider would be betraying their employer's duty of confidentiality. That's how I managed to withdrawal most of my funds in Amana before the freeze. I knew the former GM personally, hence when he fell out with Amana's co-founder Hardy Pemhiwa he told me to withdrawal my funding. I first thought he was hating because of the fallout but I listened to my gut and took action, albeit late. Thanks @Balaa, sasa kazi ni kutafuta the top guys, I know a few, but these ones I doubt have high level info Ask them to provide you with Fact Sheets. Fact Sheets disclose assets that the fund had invested in and the returns. If the don't provide you with fact sheets, move your money to a more open fund. True, Kenyans trust these people too much Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:winmak wrote:Again I ask, for myself, if one is invested in these pooled funds, what level of access does one have in knowing where the pooled funds are invested?
I for eg am heavily invested in CIC MMF, and would like to know quartely reports of where the pooled cash is invested, how/where do i get thet. this helps so that if i see them invest in something i dont believe in or like i can start slowly to pull out
So that's the withdrawal method I have heard about. but never managed! Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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If you don't believe in that thing you withdraw slowly Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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