Mansa-X a subsidiary of Standard Investment Bank has reported that it was able to deliver a 9-Month annualized return of 23.3% despite the economic shocks and market volatilities of the Covid-19 pandemic.
The return was higher compared to quarter three of 2019 where investors got 22.09%.
In the press statement, Executive Director, Nahashon Mungai said that despite the pandemic, the hedge fund was able to take advantage of price volatilities and reward its investors.
The main products for the hedge fund include currencies, precious metals, global stocks and indices, commodities, oil and gas, and cash and cash equivalents.
Despite the pandemic, the money manager is able to take advantage of price movements with long and short selling strategies to make above market average returns.
Mansa-X product charges a management fee of 5% and a minimum investment of Kshs 250,000 or an equivalent of $2,500.