Lahore, December 22, 2017 (PPI-OT):The rating reflects Lakson Investments strong governance practices, robust risk management framework, and elaborate decision making process. The rating incorporates the company’s well though strategy of creating a niche in institutional and high net worth investor space. This should enable it to capture volumes in otherwise crowded asset management industry. It is approaching its target market through three streams a) Mutual Funds, b) SMA, and c) Private Equity.
The management has concerted efforts towards effectively utilizing group’s established brand coupled with sound operating platform and strengthened investor services. The company has successfully launched a Private Equity fund. The company has affiliated with a London based firm to enhance its risk management process. Lakson has strong research function which provides various analysis to support the fund management team to generate consistent fund performance. Although a source of concentration, group/family investment provides stability to AUMs.
The rating depends on the company’s ability to implement its strategy of building volumes (institutional and high net worth) without going deep into retail segment. While, strong and stable performance in SMAs and Mutual funds remain imperative. Given relative newness of Private Equity concept in Pakistan desire to acquire shareholding in companies for private equity fund is critical.
For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425