| Location | Duration | Kenyan Cost | Non-Kenyan Cost | Upcoming Schedules |
|---|---|---|---|---|
| Nairobi, Kenya | 5 Days | KES 115,000 | USD 1,500 | Enroll |
| Kigali, Rwanda | 5 Days | USD 1,900 | USD 1,900 | Enroll |
| Kampala, Uganda | 5 Days | USD 1,900 | USD 1,900 | Enroll |
| Dar es Salaam, Tanzania | 5 Days | USD 2,000 | USD 2,000 | Enroll |
| Dubai, UAE | 5 Days | USD 3,900 | USD 3,900 | Enroll |
| Abuja, Nigeria | 5 Days | USD 4,000 | USD 4,000 | Enroll |
| Accra, Ghana | 5 Days | USD 4,000 | USD 4,000 | Enroll |
| Pretoria, South Africa | 5 Days | USD 3,900 | USD 3,900 | Enroll |
| Start & End Date | Duration | Kenyan Cost | Non-Kenyan Cost | Enroll | |
|---|---|---|---|---|---|
| Oct 12–Oct 20, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Oct 26–Nov 03, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Nov 09–Nov 17, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Nov 23–Dec 01, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Dec 07–Dec 15, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Dec 21–Dec 29, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Jan 04–Jan 12, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Jan 18–Jan 26, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Feb 01–Feb 09, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Feb 15–Feb 23, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Mar 01–Mar 09, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Mar 15–Mar 23, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Mar 29–Apr 06, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Apr 12–Apr 20, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Apr 26–May 04, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| May 10–May 18, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| May 24–Jun 01, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Jun 07–Jun 15, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Jun 21–Jun 29, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Jul 05–Jul 13, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Jul 19–Jul 27, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Aug 02–Aug 10, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Aug 16–Aug 24, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Aug 30–Sep 07, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
About the Course
For pension funds, asset allocation is one of the most consequential strategic decisions because it shapes expected returns, volatility, liquidity, and the fund’s capacity to meet future benefit obligations. A sound investment strategy must reflect the scheme’s liabilities, funding position, time horizon, regulatory constraints and tolerance for risk rather than simply follow market trends or peer portfolios.
This advanced course develops the skills required to design, review and govern pension investment strategy. Participants examine strategic asset allocation, tactical positioning, risk budgeting, portfolio optimization, rebalancing and the interaction between assets and liabilities. The course is particularly useful for trustees and investment committees that need to challenge advisers constructively, understand the assumptions behind asset allocation recommendations and make investment decisions that are defensible, transparent and aligned with long-term pension objectives.
The programme also explores how changing market conditions, funding positions, demographic trends and cash-flow needs should influence portfolio decisions without encouraging short-term reactions. Participants will develop a disciplined approach to reviewing asset allocation, rebalancing portfolios and assessing whether investment strategy remains appropriate as the scheme’s liabilities, membership profile and risk capacity evolve.
Target Participants
Pension trustees, investment committee members, chief investment officers, pension fund managers, portfolio managers, finance executives, regulators, asset consultants and professionals involved in strategic investment decisions.
Course Duration
- Classroom – 5 Days
- Online – 7 Days
Course Objectives
By the end of the course, participants will be able to:
- Define investment objectives from scheme-specific circumstances.
- Assess risk appetite and investment constraints.
- Compare asset classes using risk-return-liquidity characteristics.
- Develop a strategic asset allocation framework.
- Distinguish strategic allocation from tactical positioning.
- Integrate liability and liquidity considerations into asset allocation.
- Establish portfolio rebalancing rules.
- Evaluate asset allocation outcomes using performance attribution.
Course Content
Pension Investment Objectives
- Return requirements
- Risk tolerance
- Time horizon
- Liquidity and regulatory constraints
- Objective hierarchy and measurable investment success criteria
Investment Risk Appetite
- Risk capacity versus risk willingness
- Volatility and downside risk
- Risk budgets
- Governance of investment risk limits
- Risk limits, breaches and escalation procedures
Asset Class Analysis
- Expected return assumptions
- Risk and correlation assumptions
- Liquidity characteristics
- Inflation sensitivity
- Forward-looking capital market assumptions
Strategic Asset Allocation
- Long-term portfolio structure
- Policy portfolio development
- Allocation ranges
- Governance approval process
- Governance of strategic allocation changes
Tactical Asset Allocation
- Market-based allocation shifts
- Decision triggers
- Active risk limits
- Governance safeguards
- Decision rules, tactical limits and accountability
Portfolio Diversification
- Sources of diversification
- Correlation dynamics
- Concentration risk
- Diversification during market stress
- Diversification effectiveness during market stress
Liability-Aware Strategy
- Benefit cash-flow profiles
- Funding position implications
- Duration considerations
- Liability-aware investment choices
- Liability sensitivity to demographic and market assumptions
Liquidity Planning
- Benefit payment forecasts
- Liquidity buffers
- Illiquid asset limits
- Cash-flow stress testing
- Liquidity stress testing and contingency actions
Portfolio Rebalancing
- Calendar-based rebalancing
- Threshold-based rebalancing
- Transaction costs
- Governance responsibilities
- Rebalancing governance and exception handling
Performance Attribution
- Asset allocation effect
- Security selection effect
- Benchmark design
- Strategic review of investment outcomes
- Use of attribution results in investment decisions
Practical Outputs
- Scheme-specific investment objectives statement
- Investment risk budget
- Strategic asset allocation model
- Pension liquidity plan
- Portfolio rebalancing policy
- Performance attribution analysis
Training Approach
The course is highly analytical but practical. Participants review sample strategic asset allocations, risk budgets and portfolio scenarios, then test how changes in assumptions, liabilities, liquidity needs or market conditions affect the preferred investment mix.
Organizational Benefits
- Clearer linkage between scheme objectives and portfolio strategy
- More disciplined definition of investment risk appetite
- Improved strategic asset-allocation decisions
- Stronger liquidity and liability integration in portfolio construction
- More consistent rebalancing governance
- Better interpretation of performance attribution for strategic decisions
Certification
Participants who successfully complete this course will receive a Certificate of Course Completion from Devimpact Institute, recognizing the knowledge, practical skills and competencies developed through the programme.
Customization Options
This course can be customized and delivered as an in-house programme to address the specific policies, systems, sector context and capacity-development priorities of an organization. The course duration, modules, case studies and practical exercises may be adjusted following a training needs assessment.
