NASFUND eyes K7bn net worth

NASFUND expects to become a K7 billion fund in the next five years.

Chief Investment Officer, David Brown, said the company is positioning itself to take advantage of the expected economic growth of the country.

Speaking at NASFUND’s Employer Conference on March 14th, Brown said 2018 was a tough year for the fund given the modest crediting rate.

“We modeled where we would go, NASFUND on our conservative modeling ranges in the next five years between K6.2 to K6.8 billion. So we could be a K7 billion fund,” said Brown.

“So what does that mean in terms of the sort of investments we are going to make, the sort of things we are going to put in place right now to be able to cope with that growth? We need to lay those foundations.”

Brown said the NASFUND Board is now placing more emphasis to ensure companies they have invested in have strong governance in place.

“It goes back to sticking to the basics, were looking at those investee companies, we are insisting that they provide us with better governance.”

The Chief Investment Officer said NASFUND places a high priority in ensuring investments deliver strong returns for the fund and its members.

(Chief Investment Officer, David Brown)

Cedric Patjole