saudi sedco launches islamic invst platform

Sedco Capital, the Saudi Arabia-based asset manager, has launched an investment platform of Sharia-compliant funds aimed at high net worth investors and institutional investors.

saudi sedco launches islamic invst platform

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The Sedco Capital Global Funds platform, a Luxembourg Sicav, currently has a choice of seven investment funds with total assets under management of more than $1bn.

Two recent fund launches are the SC Income Fund and SC Global Markets Sentiment Fund, which have an initial size of $100m and $150m, respectively.

Both funds have a range of share classes for different investor types. These, as with the other five funds, are open to high net worth individuals, family offices, institutions and qualified distributors through the Luxembourg platform.

The plan is for the platform to include over 15 funds totalling more than $1.6bn by the end of 2013. Each fund will focus on one, or more, asset class and will be managed by asset managers under the supervision of Sedco Capital.

Hasan Al Jabri, chief executive of Sedco Capital, said that investors across MENA markets can now gain access to "one of the world’s largest and most diverse ranges of be-spoke Shariah-compliant investment funds".

 

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