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Alternative investment window excites market

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Old Mutual Investment Group, a subsidiary of Old Mutual Malawi Limited, has touted response from potential clients to its alternative investments window.

The window is targeting non-traditional investment avenues to help foster socio-economic activity and propel growth of the economy.

At its inception, the window targets three sectors of the economy namely agriculture, private equity and infrastructure development.

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It comes amid concerns that the country has had over K1 trillion worth of pension assets, presumably lying idle, a narrative the firm says it intends to challenge through the initiative.

According to Old Mutual Investment Group Managing Director Mark Mikwamba, the firm already has commitments from clients in all areas of investments it is looking for, with a good pipeline of investments.

“People should expect us to do our part in the economy as a responsible business. We will try to do our part taking a leading role to address social economic issues that the country is facing, whether it is construction or agricultural sector,” he said.

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With alternative investment, the company will focus on agriculture, infrastructure development and private equity.

For alternative investment, a company needs to search for opportunities because they are not readily available then develop the process to analyse them, try to make them bankable and then invest in them.

Mikwamba said, according to an analysis the firm conducted recently, clients are looking for very sustainable high returns over time, at the same time the group realises that the economy is looking for investments and they try to marry the two.

“What we are seeking to achieve is to give our clients sustainable returns and also to have a direct impact on the economy.

“We want to have a role to play on how we can help address those types of challenges,” he added.

Speaking at the launch of the arrangement in Blantyre recently, Old Mutual Malawi Board Chairperson Ronald Mangani said the firm intends to broaden its investment scope from stocks and other money market products.

He said through this, Old Mutual is creating a platform that will not only allow an increase in the returns clients will getwhile directly contributing to the social economic development.

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