LCP joins top asset managers, economists and investments bankers at much-awaited Asset Allocation Outlook series this December
The World Islamic Banking Conference (WIBC) is delighted to announce that the CEO of London Central Portfolio, Naomi Heaton, will be speaking in Bahrain on 3rd December 2015. Heaton will focus on the importance of uncorrelated asset classes and diversification in a balanced investment portfolio, and the role these can play in Islamic Finance. This coincides with the launch of LCP’s latest Sharia-compliant Central London residential property fund, London Central Apartments III (LCA III).
“We are honoured to be partaking in such a prestigious event in the Islamic Finance calendar. Having launched the UK’s only Sharia-compliant residential property funds, we are delighted to be speaking alongside other industry pioneers, such as Citi, EFG, Hermes Holdings, Emirates NBD and more. This should be a thought provoking and ground-breaking conference” comments CEO, Heaton.
According to LCP, almost one third of subscriptions into its Sharia-compliant funds have been from Middle Eastern or Sharia-conscious British Muslims, highlighting the growing demand for Sharia-compliant investment solutions.
“Coming from an alternative investment background, we hope our unique perspective will shed new light on how Sharia conscious investors can diversify their portfolios. Continued volatility across traditional investment sectors due to geopolitical and economic instability have highlighted the benefits of diversification. Alternative asset classes bring valuable non-correlated exposure but demand dedicated, actively managed funds to optimise profits. Focussed, specialist skills and local knowledge will become an increasingly powerful tool in the search for returns. LCP, as a specialist asset manager, deliver this through their very successful Central London property funds” comments Heaton.
LCP’s new fund, LCA III, is a listed property company, targeting the buoyant private rented sector in Central London. It offers investors shares in an existing high performing portfolio of around 50 properties in some of the capital’s most desirable postcodes. The company is proud to have teamed up with Qatari-backed Al Rayan Bank in London, to finance the offering.
Keith Leach, chief commercial officer at Al Rayan, also recognises the benefits of uncorrelated asset classes. “We are keen to strengthen our product range by bringing innovative products to our clients, so exploring the residential space was an obvious next step. We are delighted to be partnering with LCP in this project. Investment in Central London property has outperformed any other investments over the past decade and we believe that this is an exciting opportunity for investors”.
WIBC 2015 is a three-day gathering of the financial industry’s leaders, taking place on the 1st, 2nd and 3rd of December at the Gulf Hotel in Manama, Kingdom of Bahrain. For more information, visit www.wibc2015.com.