MAK pension scheme burns fingers
The Makerere University retirements benefits scheme says members lost 416 million shillings on account of the poor performance of private equity investments, where the trust has 0.17% of its total assets. Speaking at the presentation of the schemes financial results for the financial year 2023/2022, Godwin kakuba, the secretary board of trustees, also said, The scheme has now resolved to reduce its exposure in equities to grow their investments in treasury bonds.
