Press release

Omba Investments launches inaugural UCITS on Prescient fund platform

Organization
Prescient
Sectors
Fund management
Keywords
fund management eu south africa ireland
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Omba Advisory & Investments Ltd, a United Kingdom based discretionary investment management firm, authorised by the Financial Conduct Authority, has selected Prescient Fund Services (Ireland) Limited as the UCITS Management Company and Fund Administrator for its first Irish UCITS fund.

LONDON and DUBLIN, 1 July 2019: Omba Advisory & Investments Ltd, a United Kingdom based discretionary investment management firm, authorised by the Financial Conduct Authority, has selected Prescient Fund Services (Ireland) Limited as the UCITS Management Company and Fund Administrator for its first Irish UCITS fund. The Omba Moderate Risk Global Allocation Fund, which launched today, is a sub-fund on the Prescient Global Funds plc platform, which is authorised by the Central Bank of Ireland as a UCITS umbrella fund with segregated liability between sub-funds.

The Omba Moderate Risk Global Allocation Fund is a globally diverse fund which invests using Exchange Traded Funds (ETFs) across both equity and fixed income markets. The fund has flexibility to reduce or increase its equity weighting based on market conditions and applies a valuation-based approach to tactically overweight and underweight both countries and sectors using ETFs. The fund is a great building block for investors who want diverse, low-cost exposure to different asset classes, countries, sectors and currencies, which is becoming ever more important in an uncertain world.

The Directors of Omba commented, “We’ve been very impressed with the high level of service and expertise of Prescient and their can-do approach to getting everything in place and we look forward to a long-standing relationship as we expand our business”.

Rob Childs, Head of International at Prescient Fund Services Ireland added, “We are excited to work with the Omba team with their first UCITS fund, building on their previous successes, and look forward to helping them grow”.

Ends.

Media contact
Stuart Fieldhouse, Hawksmoor Partners
E: stuart@hawksmoorpartners.com / T: +44 (0) 7793 882230 or +44 (0) 207 377 1489

About Omba

Omba Advisory & Investments Ltd is a London based discretionary investment management and advisory firm, whose registered office is The Light Bulb (Unit 3.10), 1 Filament Walk, London, SW18 4GQ, United Kingdom. The company is registered in the United Kingdom under registration number 10594806 and is authorised and regulated by the Financial Conduct Authority 775647. The firm is also an authorised financial services provider (FSP No. 49101) in terms of the Financial Advisory and Intermediary Services Act, No.37 of 2002 (Republic of South Africa).

www.ombainvestments.com

About Prescient
Prescient Fund Services (Ireland) Limited is a limited liability company incorporated under the laws of Ireland having its registered office at 49 Upper Mount Street, Dublin 2, Ireland and is authorised by the Central Bank of Ireland as a UCITS management company pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. 352 of 2011) as amended and as an AIFM pursuant to the European Union (Alternative Investment Fund Managers) Regulations 2013 (as amended). As of December 31, 2018, Prescient Fund Services had assets under administration or management of over US$25 billion globally, of which Prescient Fund Services (Ireland) Limited had over US$2 billion. Prescient Fund Services has over 100 employees globally.

www.prescient.ie


Press release distributed by PressHalo on behalf of Prescient, on 1st July, 2019.