Bifm to "ride out" US, EU jitters

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The country's largest asset manager, Botswana Insurance Fund Management (Bifm), plans to ride out the market turbulence in the US and Europe while diversifying its portfolio into alternative investment classes and regions, BusinessWeek has learnt.

At P18.8 billion, Bifm's assets under management represent the lion's share of both the P30 billion Public Officers Pension Fund and other pension and insurance assets in the country.

CEO Tiny Kgatlwane says while the asset manager is treading carefully with regards to its offshore position, it will not make hasty decisions. She told BusinessWeek on Tuesday:

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