Benguela Global Fund Managers, a fundamental research-driven and quality-focused investment manager, has selected Prescient Fund Services (Ireland) Limited as the UCITS Management Company (ManCo) and Fund Administrator for its latest fund, the Benguela Global Equity Fund, which launched last month.
The Benguela Global Equity Fund, which is a sub-fund of Prescient Global Funds, seeks to outperform the MSCI All Country World Index over the long-term through investment in high-quality listed shares and other UCITS-eligible investments. Benguela believes that investing in attractively priced, high-quality securities as determined by Benguela’s rigorous investment process (also incorporating ESG factors), substantially enhances investment outcomes and reduces risk of loss to client capital.
On selecting Prescient’s UCITS fund platform and management company, Karl Gevers, Head of Research and Co-founder at Benguela, says: “We were impressed by Prescient’s global fund administration capabilities as well as the high level of customisation, all this at a very cost-effective rate. Benguela uses the world’s leading providers for ancillary services, hence our selection of Prescient Fund Services as our UCITS Management Company and Fund Administrator for our flagship Global Equity Fund. We believe that Benguela and our clients will be well served by Prescient, allowing the Benguela team to focus on investment analysis, portfolio management and customer care. We look forward to continue building and growing our relationship with Prescient in the future”.
Rob Childs, Head of International at Prescient Fund Services Ireland, adds: “Benguela joins a growing number of international investment managers that have opted to launch their fund on one of the Prescient platforms in Ireland, where they will benefit from our economies of scale and integrated fund administration offering. We wish them every success with the new fund and look forward to working with them as they grow”.
Prescient Fund Services provides Fund Administration and Management Company support for UCITS and Alternative Investment Funds from its Dublin office. The company has been operating in Ireland since 2008 and has supported the launch of several third-party funds during that period. Prescient Global Funds plc is an umbrella UCITS authorised by the Central Bank of Ireland with in excess of twenty sub-funds.
