Iqbal Ali Lakhani, Chairman of the Lakson Group and Lakson Investments Limited announced the launch of three open-end funds, the Lakson Money Market Fund, the Lakson Income Fund and the Lakson Equity Fund here at the inauguration reception of Cafe Rendez-Vous, at Alliance Francaise.
Speaking at the inauguration and launch reception at Cafe Rendez-Vous, Lakhani said, "I am delighted to announce our plans to launch three open-end funds, managed by Lakson Investments, to provide the institutions and masses of Pakistan with transparent and professionally managed Investments options."
Babar Lakhani, Chief Executive Officer of Lakson Investments Limited, said that "Lakson Investments Limited was established as part of the Lakson Group's expansion into financial services. Whilst the asset management Industry of Pakistan has demonstrated impressive growth rates over the past few years, the turbulence witnessed last year is a stark reminder to investors on choosing the right fund manager and Investments advisor. With the launch of Lakson Investments we hope to provide Pakistani Investors with professionally managed and well regulated Investments options."
Syed Mohammed Ali Raza, Chief Operating Officer of Lakson Investments Limited said that "the growth strategy for our company relies on establishing a nation-wide distribution network, providing investors with transactional ease and a staunch commitment to delivering performance." Lakson Investments Limited is the asset management and Investments advisory arm of the Lakson Group of Companies. Established in 1954, the Lakson Group consists of businesses across diverse sectors of Pakistan's economy, including Colgate Palmolive, Cyber Net, Century Paper & Board Mills, Century Insurance, Tetley, Clover, McDonalds, Express News as well as other quality corporate entities. The Lakson Group has a demonstrated history of bringing in foreign investors to Pakistan as well as safeguarding the interests of the minority shareholders.
Lakson Investments Limited was established with a paid up capital of Rs 300 million, and is a group company of the Lakson Group. Lakson Investments has executed the trust deeds for the Lakson Funds with Central Depository Company of Pakistan Limited (CDC) as the Trustee of Lakson Funds, and is row conducting the pre-IPO of all three Lakson Funds.-PR
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