Kenya’s Special Funds sector has witnessed remarkable expansion over the past two years, with innovative investment vehicles capturing the attention of sophisticated investors seeking superior returns. Among these emerging players, the Oak Multi Asset Special KES Fund stands out as one of the fastest-growing investment options in the country.
Launched in February 2024 by Faida Investment Bank, a financial institution with three decades of market experience, the Oak Multi Asset Special KES Fund has achieved what few funds accomplish: extraordinary growth combined with exceptional performance.
With assets under management reaching KES 8.65 billion as of September 2025, the fund ranks as the third-largest Special Fund in Kenya, capturing 6.28% of the Special Funds market according to the Capital Markets Authority’s Q3 2025 Quarterly Report.
This comprehensive guide explores the Oak Multi Asset Special KES Fund’s investment approach, remarkable performance track record, fee structure, and practical considerations for investors evaluating this high-growth opportunity.
Understanding Oak Multi Asset Special KES Fund: What You Need to Know
The Oak Multi Asset Special KES Fund operates as a Leveraged Asset Allocation Fund domiciled in Kenya. The “leveraged” designation means the fund can use borrowing or derivatives to increase market exposure, potentially amplifying returns on successful positions while employing stringent risk management to protect investor capital.
The Faida Investment Bank Legacy
Faida Investment Bank brings 30 years of market expertise to managing the Oak Special Fund. Founded in 1995, Faida has established itself as a leading investment services firm offering asset management, securities trading, corporate finance advisory, market research, and investment services.
The firm’s longevity and comprehensive capabilities provide a solid foundation for the Oak fund’s ambitious growth trajectory.
Ian Kahangara serves as Director of Global Markets and Chief Investment Officer, bringing 17 years of industry experience to the fund’s management. His expertise in navigating both local and international markets proves essential for executing the fund’s diversified global strategy.
Regulatory Framework and Oversight
The fund operates under comprehensive regulatory oversight designed to protect investor interests. Licensed by the Capital Markets Authority of Kenya as a Special Collective Investment Scheme, the fund adheres to strict operational and reporting standards.
Co-operative Bank of Kenya serves as Trustee, providing independent oversight to ensure the fund manager operates within established guidelines. I&M Bank functions as Custodian, holding all fund assets separately from Faida Investment Bank’s own resources.
Meanwhile, Njoroge Kuria & Associates conducts regular independent audits, verifying financial reporting accuracy and operational compliance.
Market Position and Explosive Growth
According to the CMA Q3 2025 Quarterly Report, the Oak Multi Asset Special KES Fund has achieved remarkable market presence despite its recent inception:
| Metric | Value |
| Assets Under Management | KES 8.65 billion (September 2025) |
| Market Share (Special Funds) | 6.28% |
| Ranking | Third-largest Special Fund |
| Launch Date | February 2024 |
The growth trajectory tells a compelling story of investor confidence. From December 2024’s KES 927 million to September 2025’s KES 8.65 billion represents an extraordinary 833% increase in just nine months.
This expansion significantly outpaced the broader CIS market’s 14% quarterly growth rate, positioning Oak as the fastest-growing Special Fund in Kenya’s investment landscape.
Oak Multi Asset Special KES Fund Investment Strategy and Approach
The fund’s investment philosophy centers on leveraged asset allocation across both global and local markets, providing investors access to opportunities typically unavailable through traditional investment vehicles.
Leveraged Asset Allocation Explained
Leverage allows the fund to take positions larger than its capital base when high-conviction opportunities present favorable risk-reward profiles. This strategic use of borrowing and derivatives amplifies returns on successful trades while professional risk management systems prevent excessive exposure.
Position sizing rules, stop-loss disciplines, and daily monitoring ensure leverage enhances returns without creating unmanageable risk.
Diverse Trading Model
The fund employs a diverse trading model designed to optimize returns regardless of market conditions. Unlike traditional long-only funds that profit exclusively when markets rise, Oak can take both long positions (profiting from appreciation) and short positions (profiting from declines).
This flexibility proves particularly valuable during volatile market conditions, protecting investor capital while capturing opportunities across various market scenarios.
Global and Local Asset Classes
The fund strategically allocates capital across multiple asset classes to ensure diversification and balanced risk exposure.
Global investments include currency trading in international foreign exchange markets, precious metals like gold and silver serving as inflation hedges, commodities such as oil and agricultural products, international equities from global stock exchanges, Exchange-Traded Funds for sector diversification, sovereign bonds from stable governments, and derivatives including futures and options.
Local investments encompass Kenyan government securities including T-bills and bonds, equities listed on the Nairobi Securities Exchange, NSE derivatives for tactical positioning, commercial papers from reputable corporations, and cash equivalents for liquidity management.
Asset Allocation Breakdown
As of Q3 2025, the fund’s portfolio composition demonstrates a conservative yet growth-oriented approach:
| Asset Class | Percentage |
| Sovereign Bonds | 58% |
| Cash & Cash Equivalents | 11% |
| CFDs (Currencies, Indices, Metals, Commodities) | 11% |
| NSE Securities | 11% |
| Derivatives | 7% |
| International Equities | 1% |
| Funds of Funds | 1% |
This allocation reflects a balanced strategy with substantial exposure to stable government securities while maintaining meaningful participation in growth-oriented global assets.
Unique Benchmark Structure
The fund employs a distinctive benchmark combining local and global market indices: 30% weighted to the 364-Day Treasury Bill rate, 30% to the NSE All Share Index, and 40% to the S&P 500. This balanced approach ensures the fund’s performance reflects both domestic stability and international growth opportunities.
Oak Multi Asset Special KES Fund Performance Track Record and Returns
Since its February 2024 inception, the Oak Multi Asset Special KES Fund has delivered performance that significantly exceeds its ambitious targets.
Exceptional 2024 Performance
The fund’s first full year concluded with an absolute return of 29.38%, far exceeding the 20% annual target. This remarkable performance established Oak as one of the top-performing Special Funds in Kenya’s market:
| Quarter | Absolute Return |
| Q1 2024 | 15.40% |
| Q2 2024 | 6.78% |
| Q3 2024 | 3.15% |
| Q4 2024 | 4.05% |
| Full Year 2024 | 29.38% |
2025 Year-to-Date Performance
The fund has maintained strong momentum through 2025, delivering consistent quarterly returns:
| Period | Absolute Return | Annualized Return |
| Q1 2025 | 4.66% | 18.64% |
| Q2 2025 | 4.88% | 19.52% |
| H1 2025 | 9.54% | 19.08% |
| Q3 2025 | 4.11% | 16.44% |
| YTD (Jan-Sept) | 13.65% | 18.20% |
Monthly Performance Consistency
The fund has delivered positive returns in every month of 2025, demonstrating the effectiveness of its diversified strategy. Monthly absolute returns ranged from 0.72% in July to 1.76% in February, with annualized equivalents spanning 8.48% to 23.05%. This consistency provides investors confidence in the strategy’s repeatability across varying market conditions.
Wealth Growth Illustration
Consider an investor who committed KES 1 million at different entry points. An investment made in January 2025 would have grown to KES 1,156,765.38 by September 2025, representing a 15.68% return in nine months.
More impressively, KES 1 million invested at the fund’s February 2024 inception would have reached KES 1,511,398.04 by September 2025, delivering a total return of 51.14% over 19 months.
This wealth creation demonstrates the power of consistent above-market performance compounded over time. Unlike traditional savings vehicles offering single-digit returns, the Oak fund has transformed capital at rates that significantly outpace inflation and currency depreciation.
Target vs. Actual Performance
The fund targets a 20% net annual return after fees. In 2024, actual performance of 29.38% exceeded this target by 47%, while 2025’s annualized 18.20% through Q3 tracks close to the objective. While the target represents an ambitious goal rather than a guarantee, the track record confirms its achievability under professional management.
Oak Multi Asset Special KES Fund Investment Terms and Fee Structure
The Oak Multi Asset Special KES Fund maintains clear, transparent terms designed to align investor and manager interests while ensuring the fund attracts sophisticated investors who understand leveraged strategies.
Entry Requirements
| Requirement | Amount/Term |
| Minimum Investment | KES 500,000 |
| Minimum Top-up | KES 50,000 |
| Lock-in Period | 6 months |
| Base Currency | Kenya Shilling |
| Minimum Balance After Withdrawal | KES 100,000 |
The KES 500,000 minimum exceeds the Capital Markets Authority’s KES 100,000 baseline for Special Funds, reflecting Faida Investment Bank’s commitment to attracting investors who comprehend the complexities and risks of leveraged global strategies.
Fee Structure
The fund charges a straightforward fee structure with full transparency. Management fees amount to 6% per annum, calculated daily and deducted proportionately throughout the year. Withdrawal fees are 0%, allowing investors to redeem after the lock-in period without penalties.
For a KES 1 million investment, the annual management fee totals KES 60,000, translating to approximately KES 164.38 daily. This fee covers fund management, administration, custody, audit, regulatory compliance, and the sophisticated trading infrastructure required for global market access.
As the investment grows through returns, the fee amount increases proportionately, but so does the absolute value of the investor’s capital.
Investment Account Types
The fund accommodates three account structures to serve different investor categories. Individual accounts suit single investors building personal wealth. Joint accounts allow 2-3 people such as spouses or partners to invest together.
Corporate accounts serve registered groups including chamas, investment clubs, and businesses seeking collective investment opportunities.
Withdrawal Terms
After completing the mandatory six-month lock-in period, investors may request redemptions at any time without penalties. The lock-in serves an important purpose: it allows fund managers to implement medium-term strategies without concern about short-term redemption pressures, ultimately benefiting all investors through better execution and returns.
Investors must maintain a minimum balance of KES 100,000 after any withdrawal, ensuring account viability.
Key Benefits of Investing in Oak Multi Asset Special KES Fund
The Oak Multi Asset Special KES Fund delivers multiple advantages that differentiate it from traditional investment vehicles and even from other Special Funds.
Superior Returns Potential
The fund’s 20% net annual target substantially exceeds typical money market fund returns of 10-12% and fixed deposit rates of 12-14%. More importantly, actual performance validates this ambitious target. The 29.38% return in 2024 and 18.20% annualized performance through Q3 2025 demonstrate consistent execution above market averages.
Consider the wealth creation difference over five years. KES 1 million in a 12% money market fund grows to KES 1.76 million. The same amount at Oak’s 20% target reaches KES 2.49 million, creating KES 730,000 additional wealth. At the actual 29.38% achieved in 2024, the difference becomes even more dramatic.
Global and Local Diversification
The fund provides retail investors access to international markets typically available only through foreign brokers requiring high minimums, complex documentation, and expensive wire transfers.
Through Oak, a single investment creates exposure to currency markets, precious metals, international equities, commodities, and global derivatives alongside local government securities, NSE equities, and Kenyan commercial papers.
This balanced global-local approach captured through the 30-30-40 benchmark (T-Bill, NSE, S&P 500) ensures the portfolio benefits from both domestic stability and international growth opportunities.
Leveraged Strategy Benefits
Professional leverage amplifies returns on successful positions while institutional-grade risk controls prevent excessive losses. Individual investors typically cannot access leverage safely, as it can magnify losses without proper management systems.
Oak provides leverage’s advantages with professional oversight, position limits, stop-loss disciplines, and daily monitoring protecting investor capital.
Transparency and Trust
Faida Investment Bank operates under the core values of “Trusted, Transparent, Tactful.” The fund publishes quarterly factsheets with detailed performance data, asset allocation breakdowns, and market commentary.
Regular reporting keeps investors informed, while Capital Markets Authority oversight ensures compliance with regulatory standards.
Experienced Management Team
Ian Kahangara’s 17 years of industry experience managing global markets, combined with Faida Investment Bank’s 30-year track record, provides the expertise necessary for executing complex leveraged strategies across multiple asset classes and geographies.
The team’s proven ability to navigate volatile markets while delivering consistent returns creates confidence in future performance.
Comparing Oak Multi Asset Special KES Fund to Other Investment Options
Understanding Oak’s positioning relative to alternatives helps investors make informed allocation decisions.
Oak vs. Money Market Funds
| Feature | Oak Special Fund | Typical Money Market Fund |
| Target Returns | 20% net | 10-12% |
| 2024 Actual Returns | 29.38% | 10-11% |
| Asset Classes | 10+ globally | 2-3 locally |
| Lock-in Period | 6 months | None/3 months |
| Minimum Investment | KES 500,000 | KES 1,000-5,000 |
| Risk Level | Moderate-High | Low |
Money market funds offer liquidity and stability with predictable returns. Oak offers substantially higher growth potential in exchange for a six-month commitment and acceptance of moderate-to-high risk through leveraged global strategies.
Oak vs. Other Special Funds
Comparing Oak to the market leader Mansa-X KES reveals different value propositions. Mansa-X launched in January 2019 with KES 87.2 billion AUM and 63.29% market share, delivering 17.80% average annual returns since inception with a KES 250,000 minimum investment. Oak launched in February 2024 with KES 8.65 billion AUM and 6.28% market share, achieving 29.38% in 2024 with a KES 500,000 minimum.
The comparison reveals Oak as a newer, more aggressive fund with exceptional recent performance but shorter track record. SIB Mansa-X offers proven consistency over six years with lower entry barriers. Investors seeking established stability may prefer Mansa-X, while those comfortable with emerging high-growth opportunities may favor Oak.
Against Mansa-X Special Fund USD (12.41% average returns in dollars), Oak offers higher nominal returns in Shillings but with currency exposure. The choice depends on whether investors prioritize local currency growth or hard currency protection.
Oak vs. Traditional Equity Investments
Direct NSE equity investment or international stock trading requires individual stock selection, market timing, and active portfolio management. Most retail investors lack the expertise, time, and emotional discipline to consistently outperform markets.
Oak provides professional management across 10+ asset classes, global diversification beyond NSE-only exposure, and institutional execution quality unavailable to individual traders.
Who Should Invest in Oak Multi Asset Special KES Fund?
While the fund offers compelling performance, it suits specific investor profiles better than others.
Ideal Investor Profiles
High-net-worth individuals who can comfortably meet the KES 500,000 minimum and seek above-market returns with professional global exposure will find Oak particularly suitable. Sophisticated investors who understand leveraged strategies, accept moderate-to-high risk, and maintain medium-to-long term horizons of one year or more comprise the target audience.
Chamas and investment groups can pool resources to meet the minimum investment through corporate account structures, making sophisticated global strategies accessible to collective investment clubs. Business owners with surplus capital seeking alternatives to fixed deposits benefit from higher return potential on business reserves.
Professionals and executives building long-term wealth beyond salary income appreciate the diversification Oak provides. Rather than accumulating cash in low-yield savings, these investors deploy capital in sophisticated vehicles matching their financial sophistication and growth objectives.
Investment Objectives Match
The fund works best for investors with medium-to-long term horizons of one to three years or more. While the six-month lock-in represents the minimum commitment, the strategy’s full benefits emerge over longer periods as returns compound and the diverse trading model demonstrates value across different market conditions.
Return expectations should align with the 15-25% annual range. The 20% target and 29.38% 2024 actually set appropriate benchmarks, though investors must recognize that past performance doesn’t guarantee future results and that returns will vary based on market conditions.
Risk tolerance must accommodate moderate-to-high volatility inherent in leveraged global strategies. Investors who panic during quarterly fluctuations or require guaranteed returns should avoid the fund. Those comfortable with professional risk management and sophisticated strategies will find the risk-reward profile attractive.
Who Should Avoid
Investors requiring immediate liquidity should recognize the six-month lock-in makes this inappropriate for emergency funds or short-term savings. Those who cannot afford the KES 500,000 minimum should consider lower-threshold alternatives.
Very conservative investors uncomfortable with any risk or those who don’t understand leveraged strategies should stick with traditional money market funds or fixed deposits.
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How to Start Investing in Oak Multi Asset Special KES Fund
Initial Contact and Consultation
Contact Faida Investment Bank to begin the investment process:
- Email: oak.fund@fib.co.ke
- WhatsApp/Call: +254 759 777 666 or +254 743 552 341
- Website: https://oak.africa
Schedule a consultation with a relationship manager to discuss investment objectives, review fund documentation, and assess suitability.
Account Opening Process
Choose Your Account Type:
- Individual Account: Single investor
- Joint Account: 2-3 people (spouses, partners)
- Corporate Account: Chamas, clubs, businesses
Required Documentation:
- Identification copies (ID or passport)
- Proof of address (utility bill or bank statement)
- Tax identification information
- Corporate investors: Add company registration and board resolutions
Funding Your Investment
Transfer the minimum KES 500,000 to the designated custodian account using the reference number provided. Faida confirms receipt within 24 hours and allocates units at the next available NAV.
Office Locations
Nairobi Head Office: Crawford Business Park, State House Road
Nairobi CBD Office: Windsor House, 1st Floor, Junction of Muindi Mbingu & University Way
Kigali Office: Centenary House, 4th Floor (+250 784 333 734)
Frequently Asked Questions
How Does the 20% Target Return Compare to Actual Performance?
The 20% net annual return target represents an ambitious but achievable goal based on the fund’s track record. In 2024, the fund’s first full year, actual performance reached 29.38%, exceeding the target by 47%. Through Q3 2025, the fund delivered 13.65% absolute returns translating to 18.20% annualized, tracking close to the objective.
While the target provides clear expectations, it represents a goal rather than a guarantee. Market conditions vary, and future performance depends on global economic factors and the fund manager’s execution. The consistent monthly positive returns throughout 2025 demonstrate the strategy’s resilience across different market environments.
What Does “Leveraged Asset Allocation” Mean and What Are the Risks?
Leveraged asset allocation means the fund uses borrowing or derivatives to increase market exposure beyond the capital base. When the fund manager identifies high-conviction opportunities, leverage allows position sizes that amplify returns on successful trades. For example, with 2:1 leverage, a 10% gain translates to roughly 20% return on invested capital. However, leverage magnifies both gains and losses.
Professional risk management becomes essential. Oak employs position sizing rules to prevent excessive exposure, stop-loss disciplines to limit downside, daily monitoring and rebalancing, and diversification across 10+ asset classes. The Capital Markets Authority’s oversight and the KES 500,000 minimum ensure participants understand these dynamics and can bear the associated risks.
How Does Oak Compare to Mansa-X Special Funds?
Oak and Mansa-X both operate as CMA-licensed Special Funds employing sophisticated strategies, but differ significantly. Mansa-X KES launched in January 2019 with KES 87.2 billion AUM (63.29% market share) and delivers 17.80% average annual returns with a KES 250,000 minimum. Oak launched in February 2024 with KES 8.65 billion AUM (6.28% market share) and achieved 29.38% in 2024 with a KES 500,000 minimum.
Oak represents a newer, more aggressive fund with exceptional recent performance but a shorter track record. Mansa-X offers proven consistency over six years with lower entry barriers. The choice depends on individual preference for established stability versus newer high-growth opportunities. Both benefit from comprehensive CMA oversight and professional management.
Can I Withdraw Before 6 Months and What Happens After?
The six-month lock-in period is mandatory and cannot be waived. This allows fund managers to implement medium-term strategies without concern about short-term redemptions that could force suboptimal position closures. After completing the lock-in, investors may request redemptions at any time without penalties or withdrawal fees.
The fund processes redemptions according to standard CIS timelines, typically within a few business days. Investors must maintain a minimum balance of KES 100,000 after any withdrawal. Partial withdrawals are permitted, and top-up investments of at least KES 50,000 can be made at any time.
How Often Will I See My Investment Performance?
Faida Investment Bank publishes comprehensive quarterly factsheets on oak.africa containing detailed performance data, asset allocation breakdowns, monthly return tables, and fund manager commentary. Monthly Net Asset Value updates provide current account values, allowing real-time growth tracking. Investors also receive regular account statements showing contributions, redemptions, fees, and current holdings.
Oak Multi Asset Special KES Fund: Your Partner in High-Growth Wealth Building
The Oak Multi-Asset Special KES Fund has established itself as Kenya’s fastest-growing Special Fund since its launch in February 2024. The performance speaks clearly: 29.38% in 2024 and 18.20% annualized through Q3 2025, consistently exceeding the 20% target.
The 833% AUM growth in nine months confirms strong investor confidence in Faida Investment Bank’s 30-year expertise and Ian Kahangara’s 17-year experience managing global markets.
The fund particularly suits sophisticated investors seeking superior returns through professional global market access, high-net-worth individuals and businesses with KES 500,000+ for medium-term investment, and chamas or investment groups pooling resources for collective wealth building.
Contact Faida Investment Bank at oak.fund@fib.co.ke or +254 759 777 666 for a personalized consultation. Visit https://oak.africa for detailed factsheets and comprehensive documentation on how Oak Multi Asset Special KES Fund can deliver the aggressive wealth building you seek.
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