Pakistan Credit Rating Agency maintains Asset Manager Rating of Lakson Investments Limited
Lahore, June 27, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of Lakson Investments Limited (LI) at “AM3+” (AM Three Plus). The rating reflects the company’s strong capacity to manage the risks inherent in asset management and the asset manager meets high investment management industry standards and benchmarks.
The rating reflects the company’s experienced management, adequately structured investment process, and its affiliation with an acknowledged business group – Lakson. LI has strong governance structured – being led by a diverse and experienced board.
The rating incorporates the management’s enhanced focus towards strengthening its investment management function alongwith expansion in fund slate. However, the investor concentration of AUMs remains high, with limited contribution of the retail segment and sizeable participation of the sponsoring group.
The rating is dependent on the company’s ability to effectively execute its business plan leveraging upon the group synergies to intensify the retail base, while reducing investor concentration. Meanwhile, substantiation in the quality of decision making process by reinforcing investment risk management would remain important. The translation of strengthened decision making process towards improvement in fund performance 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