Saudi-based SEDCO wins Milltrust trust

Emerging Markets specialist asset manager Milltrust International has awarded Saudi Arabia-based SEDCO Capital the mandate to manage its SEDCO MENA Fund.

SEDCO Capital is described as the first Saudi-based asset management firm to be awarded a mandate to manage MENA & Saudi equities under a UCITS platform.

The fund will focus on investing in MENA and Saudi equities, and will be actively managed by the specialist MENA Liquid Equity team at SEDCO Capital. The team will apply the firm’s research-driven philosophy and process which has provided a strong track record over the medium to long term through all market cycles.