PACRA Maintains the Asset Manager Rating of Lakson Investments Limited
|Rating Type||Asset Manager|
The rating incorporates the company’s well defined strategy of catering to the investment needs of institutional and high net worth investors. The company's private equity and venture capital revenues are growing and a dedicated team of qualified individuals is built to lead both the business lines. Strong ownership and governance profile provides support to the rating. The company has clear organizational structure, strong risk management framework, seasoned management team, structured investment process and quality support systems. The company has a structured investment decision making process and the management team is focused on delivering sound and consistent fund performance results. The rating also incorporates the company’s high top ten investor concentration, in line with its focus on institutional investors.
The rating is dependent upon the company's ability to successfully execute its business strategy encompassing enhancement in system share while further diluting AUM concentration. Going forward, the management’s success in tapping the available potential, would be critical for the overall positioning of the company.
Lakson Investments Limited, the investment management company of the Lakson Group, was incorporated on January 02, 2009 as an un-listed public company. It is licensed to undertake asset management and investment advisory services. The company has launched private equity and venture capital funds. The company’s control vests in eight-member board, comprising four non-executives, one executive and three independent directors. The chairman of the Lakson Group, Mr. Iqbal Ali Lakhani, is the chairman of Lakson Investment’s board. The company is currently managing six open-end funds in diversified categories with an aggregate AUM base of ~PKR 15.6 billion at end June-19. The investment advisory portfolio has ~PKR 9.7bln assets under management at end Mar-19.