Saudi's Sedco Capital launches first in-house managed Islamic fund
 

By Bernardo Vizcai** Sept 29 (Reuters) - Jeddah-based Islamic investment firm Sedco Capital has launched the first fund managed by its own in-house team, looking to bulk up its asset management capabilities, the firm said on Monday. The Gulf equities fund, domiciled in Luxembourg, has an intial $30 million in assets and is Sedco's 14th fund overall. It is part of Sedco's strategy to source two-thirds of its assets under management from outside Saudi Arabia in four to five years. ...

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