Job Description
TERMS OF REFERENCE FOR APPOINTMENT OF FUND MANAGER FOR THE AFRICAN ACADEMY OF SCIENCES ENDOWMENT FUND-AAS/TOR/01/2026
1. Background
The African Academy of Sciences (AAS) has established an Endowment Fund to support its long-term financial sustainability and strategic objectives.
Historically, the Fund has been invested in short-term fixed deposits with reputable commercial banks in Kenya. In line with global best practices in long-term endowment management, and in pursuit of enhanced returns while maintaining prudent capital preservation, AAS seeks to appoint a qualified and experienced Fund Manager to professionally manage and invest the Endowment Fund.
2. Investment Objectives
The primary objectives of the Endowment Fund are to:
• Preserve capital in real terms, ensuring protection against inflation.
• Generate sustainable, competitive, risk-adjusted returns over the medium to long term.
• Maintain adequate liquid...
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