Platform now surpasses USD1 billion in assets under management
Plans to expand to 15 funds totalling USD 1.6 billion by the end of 2013
Abu Dhabi, United Arab Emirates, Wednesday 20 March 2013 - 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 finances 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 exceeding USD1 billion on the recently launched SEDCO Capital Global Funds, which is now one of the world's largest and most diverse Shariah compliant funds platform.
The most recent funds on this platform, the SC Income Fund and SC Global Markets Sentiment Fund, have been launched with an initial size of USD100 million and USD150 million, 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.
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 MENA markets 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.
About SEDCO Capital Global Funds
SEDCO Capital Global Funds was incorporated in Luxembourg on 2nd May 2012 as a multi-asset class SICAV SIF designed to hold a number of segregated funds.
The following funds are currently available:
1. SEDCO Capital US Equities Passive Fund
2. SEDCO Capital US Equities Fundamental Indexing Fund
3. SEDCO Capital Global Higher Dividend Yield Fund
4. SEDCO Capital Global Emerging Markets Relative Value Equities Fund
5. SEDCO Capital Global REITs Fund
6. SEDCO Capital Global Market Sentiment Fund
7. SEDCO Capital Income Fund
About SEDCO Capital
SEDCO Capital is a leading provider of Shariah compliant investment solutions, with a successful track record managing and advising $3 billion of assets for clients across a private equity, real estate and public equity. A fully-owned subsidiary of SEDCO Holding, a diverse and expanding Saudi group of companies, it is a leader in applying and promoting Shariah-compliant investments.
The guiding principles of SEDCO include a commitment to carry out all its activities in accordance with principles of Shariah: to attract and retain top-quality professionals from across the globe; to ensure strong controls and management processes, including highly developed information systems; to provide innovative Shariah-compliant products; and to demonstrate a consistent track record that exceeds market performance.
For further information contact:
Hill & Knowlton Strategies
Kasumi Wada
+971 56 175 2790
Email: kasumi.wada@hkstrategies.com
© Press Release 2013
