The Capital Markets Authority(CMA) has warned investors that those dealing with unlicensed entities will not get its protection.
This cautionary statement comes amid queries from the public concerning the license status of Cytonn Investment Management Limited. The firm has been under fire for stopping clients from redeeming their investments in its Cytonn High Yield Solutions, (CHYS).
The regulator has noted that within the Cytonn Investment Group, the only licensed entity is Cytonn Asset Management Limited, which is licensed as a Fund Manager and a Real Estate Investment Trust (REIT) Manager. The funds managed by the entity under the approved Collective Investment Schemes are; Cytonn Money Market Fund; Cytonn Balanced Fund; Cytonn Equity Fund; Cytonn Africa Financial Services Fund; Cytonn Money Market Fund (USD); and Cytonn High Yield Fund. Investors are advised to check correctly the names of the licensed and approved entities’’.
‘’Investors who invest in unregulated and unapproved entities risk loss of their investments with no recourse afforded to them under the capital markets regulatory framework,” said Wyckliffe Shamiah, Acting Chief Executive, Capital Markets Authority.
Below is a list of Regulated Fund Managers in Kenya
| 1 | Alpha Africa Asset Managers | |
| 2 | Amana Capital Limited | |
| 3 | Apollo Asset Management Company Limited | |
| 4 | Britam Asset Managers (Kenya) Limited | |
| 5 | Metropolitan Cannon Asset Managers Limited | |
| 6 | Nabo Capital Limited | |
| 7 | CIC Asset Management Limited | |
| 8 | Co-op Trust Investment Services Limited | |
| 9 | FCB Capital Limited | |
| 10 | Fusion Investment Management Limited | |
| 11 | GenAfrica Asset Managers Limited | |
| 12 | ICEA Lion Asset Management Limited | |
| 13 | Madison Investment Managers Limited | |
| 14 | Old Mutual Investment Group Limited | |
| 15 | Old Mutual Investment Services (K) Limited | |
| 16 | Sanlam Investments East Africa Limited | |
| 17 | Standard Chartered Investment Services Limited | |
| 18 | Stanlib Kenya Limited | |
| 19 | Zimele Asset Management Company Limited | |
| 20 | Natbank Trustee and Investment Services Limited | |
| 21 | Allan Gray (Kenya) Limited | |
| 22 | Cytonn Asset Managers Limited | |
| 23 | Altree Capital Kenya Limited | |
| 24 | Jubilee Financial Services Limited | |
| 25 | Quantec Asset Managers Limited |
CMA is advising investors to confirm the licensing status of any firms offering services in the capital markets industry with the Authority.
The unresolved scandal surrounding Goldenscape GreenHouses Limited, where investors lost undisclosed sums of money, remains unresolved with those affected increasing unlikely to get their cash back.
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