Alexander Forbes assesses fund managers
05 March, 2008
PARLIAMENT – Asset or fund managers in Botswana are rated locally by Alexander Forbes every year, according to the Assistant Minister of Finance and Development Planning, Mr Duncan Mlazie. He told Parliament on Monday that asset managers that include Allan Gary, Imara Asset Management, African Alliance, Legae Investors, which are registered under the Companies Act in Botswana, are not rated globally per se.
They are ranked by Alexander Forbes on yearly basis to determine their performance in the investment of pension funds. The ranking report is based on the investment figures submitted by the asset managers.
He said the figures are consolidated and analysed with the asset manager with the largest investment portfolio ranked number one. He explained that the ranking is only used for [continue reading]