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CMA licenses Jubilee to operate as a fund manager

Kenyan WallStreetbyKenyan WallStreet
May 14, 2019
in Kenyan News
Reading Time: 1 min read

Capital Markets Authority (CMA) has approved the grant of a license to Jubilee Financial Services Limited to operate as a fund manager having met all requirements. The grant of the license brings to 27 the number of fund managers licensed by CMA.

A fund manager is a manager of a collective investment scheme (such as a unit trust), registered venture capital company or an investment adviser who manages a portfolio of securities in excess of an amount prescribed by the Authority from time to time.

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