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Impunity		#241 Posted : Thursday, August 18, 2016 10:05:49 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		Lek wrote: Word is, CMA has cracked the whip on cash management solutions offered by various fund managers. They've been asked to shut them down and refund the cash. Any confirmation on this? Cytton also offers this product. This crackdown includes Unit Trusts? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Lek		#242 Posted : Thursday, August 18, 2016 12:53:46 PM
Rank: New-farer Joined: 7/6/2010 Posts: 25		Unit trusts are not affected as they are properly within CMA regulations.
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jano		#243 Posted : Monday, August 22, 2016 10:34:12 AM
Rank: New-farer Joined: 7/12/2011 Posts: 57 Location: nairobi		Impunity wrote: [quote=Lek]Word is, CMA has cracked the whip on cash management solutions offered by various fund managers. They've been asked to shut them down and refund the cash. Any confirmation on this? Cytton also offers this product. This crackdown includes Unit Trusts? Unit trusts is not affected only CMS, cyntonn is not regulated by cma so i hardly doubt they received the letter to discontinue the product,all other fund managers have been asked to discontinue.
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Angelica _ann		#244 Posted : Monday, August 22, 2016 10:38:19 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,937		Unit Trusts and CMSs, what us the difference 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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KulaRaha		#245 Posted : Monday, August 22, 2016 11:21:41 AM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		deadline is 15 November to find a solution... Business opportunities are like buses,there's always another one coming
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Runner		#246 Posted : Monday, August 22, 2016 12:02:10 PM
Rank: New-farer Joined: 3/31/2014 Posts: 24		KulaRaha wrote: deadline is 15 November to find a solution... Which probably explains the setting up if Cytonn Asset Managers Lts as per their weekly newsletter sent out yesterday: "In order to provide more clients with access to our investment solutions, the Board of Directors of Cytonn Investments Management Limited has recently approved the formation of a regulated subsidiary, Cytonn Asset Managers Ltd, CAM. CAM will be focused on offering our unique and high return products to regulated segments such as Unit Trust investors and pension schemes. Our products have generally been restricted to institutions, private wealth investors through structured partnerships and to the ordinary investor through our investment co-operative, Cytonn Co-operative."
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Mainat		#247 Posted : Monday, August 22, 2016 12:29:45 PM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		Hii ni wivu ya ma bankas apparently. I see nothing wrong with a well-managed treasury cash product kama hii Sehemu ndio nyumba
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mawinder		#248 Posted : Monday, August 22, 2016 12:45:10 PM
Rank: Elder Joined: 4/30/2008 Posts: 6,029		Angelica _ann wrote: Unit Trusts and CMSs, what us the difference Unit trusts are regulated and transparent in their operations. CMS are ponzi schemes
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Horton		#249 Posted : Monday, August 22, 2016 1:14:09 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		mawinder wrote: Angelica _ann wrote: Unit Trusts and CMSs, what us the difference Unit trusts are regulated and transparent in their operations. CMS are ponzi schemes Genius is overflowing
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ayushnehra		#250 Posted : Monday, August 22, 2016 10:41:37 PM
Rank: Member Joined: 1/4/2015 Posts: 153		enyands wrote: Ash Ock wrote: KulaRaha wrote: There are too many suckers in Kenya. So many fly by night guys come and go, and no one learns that when a firm is offering returns well above market, something is wrong. Food for thought: Quote: Cytonn pays Sh220m debt owed to Finnish PE firm Cytonn Investments has paid Sh220 million owed to Finnish PE firm Taaleritehdas Private Equity Funds (TTA), giving the fund what Cytton said is a return of 54 per cent on the short-term debt. Cytonn chief investment officer Elizabeth Nkukuu said the Sh220 million payment is inclusive of total returns due to the Finnish firm. The note was part of the Sh1.4 billion Cytonn raised in September from local and foreign investors in a private placement to fund its real estate projects. The debt was used as bridging financing for some of the firm’s real estate projects. Payment of such notes usually indicates that the borrower has secured longer-term financing from financial institutions at lower interest rates. READ: Cytonn, Finnish firm break ground for Sh1bn Karen homes “The note was structured at a market rate cost of funds of 18 per cent plus participation in the capital appreciation achieved during the period the note was outstanding, bringing the total annualised return earned by TTA to 54 per cent,” said Ms Nkukuu in a statement. “TTA has financed over Sh2 billion of Cytonn projects and we are very glad to have demonstrated to them our capabilities in structured financing and commitment to our financiers by starting to return some of that capital in less than a year.” The two firms are partnering in real-estate projects, including the high-end Amara Ridge in Karen worth Sh1 billion. http://www.businessdaily...2/-/fxi08a/-/index.html Very good retutns.... Bright minds .whose willing to spread risks .need four people on board @Enyands did you invest? Anyone willing to go in with 500k? I have 500K we can share the risk!Let's do atleast 3 months for a trial..! Those who has invested at Cytonn since the start to date have earned well and with elections in sight the rates will only go North..!As for the critics. I guess they made something somewhere..! Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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