Wazua
»
Investor
»
Stocks
»
Mansa-X Fund by SIB. Anyone who has invested with them?
Rank: Member Joined: 3/16/2019 Posts: 313
|
Quote:I asked him for his statement of account to backup his claim of "standing to earn upto 24%", a request he did not take too kindly. (I always ask all solicitors for this kind of information, including Cytonn's). This is a very valid question to ask. A money manager who is trading other people's money and making claims of above average returns, should provide verified trading records or statements from the broker.
|
|
|
Rank: Member Joined: 3/16/2019 Posts: 313
|
Capital Markets Authority calms investors over money managerQuote:The Capital Markets Authority (CMA) has sought to reassure Kenyans that Mansa X, the county's premier regulated online forex trading money fund, complies with its regulations.
This follows claims that Standard Investment Bank (SIB) -- which operates Mansa X -- as Kenya’s first Money Manager may be operating the business in breach of CMA's regulatory framework.
|
|
|
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
Any returns so far? Business opportunities are like buses,there's always another one coming
|
|
|
Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda
|
Tokyo wrote:I have invested in MansaX. They are kind of quick in account opening unlike other investment funds.( all online). The account numbers too looks Kind of simple considering the massive minimum amount. Account number Like 000123, 000124,000125 lacks confidence in this era. Just under a month “investor” . Not much to share. And this is the one you were recommending to the 8-9 millions shilling wazuan .. he'd rather go the armophous way to DC then punda amecheka
|
|
|
Rank: Member Joined: 1/31/2007 Posts: 304
|
KulaRaha wrote:Any returns so far? Am invested from June 2020 and the return per the statement they sent me is 28.4% annualized. This is remarkable such that I am tempted to put in more money, but I am not sure because this is Kenya where investors have lost money left, right, and center in spite of the regulators being in place. My question is, how competent and objective are the guys at CMA in regulating a fund such as Mansa X ???. In addition, I have noted of late they are heavily advertising the fund on social media platforms which leaves me wondering if the returns are this good why are people not rushing to invest their money with them.
|
|
|
Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
|
They just emailed me that Mansa X Fund made 18.75% in 2020.... Wacha nikae na CIC MMF at 9% For investors as a whole, returns decrease as motion increases ~ WB
|
|
|
Rank: Member Joined: 4/21/2015 Posts: 151
|
winmak wrote:They just emailed me that Mansa X Fund made 18.75% in 2020....
Wacha nikae na CIC MMF at 9% I don't understand why a fund with such good returns is seeking potential investors.Investors should be chasing them and getting ignored.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
AndyC wrote:winmak wrote:They just emailed me that Mansa X Fund made 18.75% in 2020....
Wacha nikae na CIC MMF at 9% I don't understand why a fund with such good returns is seeking potential investors.Investors should be chasing them and getting ignored. They are trying to grow their portfolio. Seems investors aren't fully convinced whether you get the full 18.75% or there are T&C Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 3/16/2019 Posts: 313
|
Robert Alai, Cyprian Nyakundi ordered to remove content on SIB Mansa-X
Quote:The High Court has directed four bloggers to pull down articles posted questioning the commodities and foreign exchange trading business of the Standard Investment Bank (SIB).
Justice Said Chitembwe directed Cyprian Nyakundi, Kahawa Tungu, Robert Alai and Business Times Kenya to pull down the articles, arguing they are defamatory and are hurting the SIB product, trading as Mansa X. Link already taken offline  https://www.kahawatungu....ractical-mode-business/
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
moneydust wrote:KulaRaha wrote:Any returns so far? Am invested from June 2020 and the return per the statement they sent me is 28.4% annualized. This is remarkable such that I am tempted to put in more money, but I am not sure because this is Kenya where investors have lost money left, right, and center in spite of the regulators being in place. My question is, how competent and objective are the guys at CMA in regulating a fund such as Mansa X ???. In addition, I have noted of late they are heavily advertising the fund on social media platforms which leaves me wondering if the returns are this good why are people not rushing to invest their money with them. I will put kidogo loot here... 250k was minimum sio? possunt quia posse videntur
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
maka wrote:moneydust wrote:KulaRaha wrote:Any returns so far? Am invested from June 2020 and the return per the statement they sent me is 28.4% annualized. This is remarkable such that I am tempted to put in more money, but I am not sure because this is Kenya where investors have lost money left, right, and center in spite of the regulators being in place. My question is, how competent and objective are the guys at CMA in regulating a fund such as Mansa X ???. In addition, I have noted of late they are heavily advertising the fund on social media platforms which leaves me wondering if the returns are this good why are people not rushing to invest their money with them. I will put kidogo loot here... 250k was minimum sio? Mansa-X Fund Features 0% Initial Fee 0% Redemption Fee Minimum Investment KES. 250,000 Minimum Top-up KES. 100,000 6 Month Lock-In-Period 5% Annual Management Fee – prorated daily over 365 days 10% Performance Fee – applied on the surplus when a return above the 25% hurdle rate is attained  possunt quia posse videntur
|
|
|
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
|
maka wrote:maka wrote:moneydust wrote:KulaRaha wrote:Any returns so far? Am invested from June 2020 and the return per the statement they sent me is 28.4% annualized. This is remarkable such that I am tempted to put in more money, but I am not sure because this is Kenya where investors have lost money left, right, and center in spite of the regulators being in place. My question is, how competent and objective are the guys at CMA in regulating a fund such as Mansa X ???. In addition, I have noted of late they are heavily advertising the fund on social media platforms which leaves me wondering if the returns are this good why are people not rushing to invest their money with them. I will put kidogo loot here... 250k was minimum sio? Mansa-X Fund Features 0% Initial Fee 0% Redemption Fee Minimum Investment KES. 250,000 Minimum Top-up KES. 100,000 6 Month Lock-In-Period 5% Annual Management Fee – prorated daily over 365 days 10% Performance Fee – applied on the surplus when a return above the 25% hurdle rate is attained The fund is managed by members of one tribe, am out!  Receive with simplicity everything that happens to you.” ― Rashi
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
dunkang wrote:maka wrote:maka wrote:moneydust wrote:KulaRaha wrote:Any returns so far? Am invested from June 2020 and the return per the statement they sent me is 28.4% annualized. This is remarkable such that I am tempted to put in more money, but I am not sure because this is Kenya where investors have lost money left, right, and center in spite of the regulators being in place. My question is, how competent and objective are the guys at CMA in regulating a fund such as Mansa X ???. In addition, I have noted of late they are heavily advertising the fund on social media platforms which leaves me wondering if the returns are this good why are people not rushing to invest their money with them. I will put kidogo loot here... 250k was minimum sio? Mansa-X Fund Features 0% Initial Fee 0% Redemption Fee Minimum Investment KES. 250,000 Minimum Top-up KES. 100,000 6 Month Lock-In-Period 5% Annual Management Fee – prorated daily over 365 days 10% Performance Fee – applied on the surplus when a return above the 25% hurdle rate is attained The fund is managed by members of one tribe, am out!  possunt quia posse videntur
|
|
|
Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
|
dunkang wrote:The fund is managed by members of one tribe, am out! I don't know how to post a Twitter tweet yet but someone just reacted to your post by directing "you" to the following article: https://www.famcap.com/2...banks-owned-by-families/
|
|
|
Rank: Member Joined: 3/1/2019 Posts: 170 Location: Nairobi
|
winmak wrote:They just emailed me that Mansa X Fund made 18.75% in 2020....
Wacha nikae na CIC MMF at 9% It is a mutual fund of sort and that is legit returns since it can/will also swing the other way into the negative in some seasons, I know a legit fund which has over 150% return in the last 1 year, this one https://lu.allianzgi.com...ial-intelligence-at-usd
personally, I couldn't touch a Kenyan managed offshore fund, why not just work with the foreign managed funds, where the managers are closer to the action?
|
|
|
Wazua
»
Investor
»
Stocks
»
Mansa-X Fund by SIB. Anyone who has invested with them?
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|