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So what are you waiting for (redux)1?  It is said a picture is worth a thousand words. The picture below can be summarised more briefly:  An annual shilling return of 33%The chart shows last year’s performance of the Star Capital Global Balanced Fund in both...

​The one I think should be on every investor’s bookshelf is the Triumph of the Optimists. It was first published just after the millennium and authored by three professors – Elroy Dimson, Paul Marsh, Mike Staunton – at London Business School1. It has been updated and...

​The case for Kenyan pension schemes to invest offshore is clear cut on diversification (the “free lunch” of investment) grounds alone. Analysis from Star Capital shows a pension scheme should be allocated around 50% offshore1. Analysis from the World Bank shows even...

Last year was a bad year in Kenyan pension scheme investment. Their portfolios concentrated in two- thirds or more in domestic fixed income showed negative returns. There is a phrase in investment circles for this risky behaviour: picking up nickels in front of a...