The Asian Banker

SEDCO Capital launches shariah-compliant investment platform
Mar 25, 2013

Singapore, March 21st 2013 - Qualified Institutional investors in Singapore and around the globe can now access one of the world’s largest and most diverse ranges of Shariah compliant funds through authorized and regulated channels. SEDCO Capital, the Saudi Arabian based asset manager and leading provider of Shariah compliant investment solutions, has launched a one stop shop investment platform of Shariah-compliant funds to qualified and authorized institutional investors.

SEDCO Capital evolved from a large private family office successfully managing its proprietary money for 16 years to become a full service wealth and asset management firm serving third party institutional and private clients. Investors can now access a total of seven investment funds with total assets under management past the $1 billion mark. SEDCO Capital Global Funds is now one of the world’s largest and most diverse range of Shariah compliant funds.

The latest funds on this platform, the SC Income Fund and SC Global Markets Sentiment Fund, have been launched with an initial size of $100 million and $150 million respectively. Both funds have a range of share classes for different types of investors. These, as with the other 5 funds, are open to high net worth individuals, family offices, institutions and qualified distributors through the Luxembourg platform.

SEDCO Capital Global Funds is a family of funds open to institutional investors and is set up in Luxembourg as a Specialized Investment Fund (SIF), in the form of a Societe d'Investment A Capital Variable “SICAV”. The plan is for SEDCO Capital Global Funds 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 best in class asset managers under the supervision of SEDCO Capital.

SEDCO Capital Global Funds is regulated in Luxembourg and appeals to international investors. It is currently the largest Shariah compliant set of funds in Luxembourg and has doubled the total size of Shariah-compliant assets under management in Luxembourg.

Commenting on the launch of the platform to investors, Hasan Al Jabri, CEO of SEDCO Capital said: “Institutional investors across markets in Singapore and around the globe can now gain access to one of the world’s largest and most diverse ranges of be-spoke Shariah compliant investment funds.

“Creating tailored solutions for institutional clients can be expensive and time consuming. However, SEDCO Capital’s scale and negotiating power means we can create a greater range of investment opportunities at a lower cost while delivering superior performance. By partnering with SEDCO Capital, investors can access unique funds without the risk of high fees eating into returns.

“SEDCO Capital’s platform provides a one stop shop for institutional and high net worth investors wanting to access cost-effective, quality and diverse funds that are Shariah compliant and socially responsible across a range of asset classes and geographies, managed by leading asset managers.”

The platform is marketed from Luxembourg and any investments in or through the platform are regulated in the applicable jurisdictions.


Re-disseminated by The Asian Banker

Categories: Markets & Exchanges
Keywords: SEDCO Capital

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