Business | Investment

SEDCO launches Islamic investment platform

Platform now surpasses $1b in assets under management

  • Staff Report
  • Published: 14:12 March 20, 2013
  • Gulf News

Abu Dhabi: SEDCO Capital, the Saudi Arabia-based asset manager and leading provider of Sharia compliant investment solutions, has launched a one-stop shop investment platform of Sharia compliant funds to qualified and authorised institutional investors. Investors can now access a total of seven investment funds with total assets under management exceeding $1 billion (Dh3.67 billion) on the recently launched SEDCO Capital Global Funds, which is now one of the world’s largest and most diverse Sharia 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 $100 million and $150 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.

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