Fairtree Asset Management launches global real estate UCITS fund on the Prescient Global Funds ICAV platform

Rob Hart, Portfolio Manager

Fairtree Asset Management, a leading multi-strategy alternative and long-only investment manager has launched its second Irish UCITS fund, the Fairtree Global Listed Real Estate Fund, on the Prescient Global Funds ICAV platform. This follows the successful launch of the Fairtree Global Flexible Income Plus Fund on the Prescient platform last year.

The firm’s existing Fairtree Global Real Estate Prescient Fund has converted into a Feeder Fund that will invest
directly in the Irish UCITS, following regulatory approval by South Africa’s Financial Sector Conduct Authority
(“FSCA”). The UCITS launch coincides with the third anniversary of the strategy, which has a solid three-year
track record in its South African format, and which has been ranked first amongst South African-managed
global developed market property funds in 2018 and 2019.

The investment objective of the fund is to provide investors with capital appreciation over the medium to longterm
with exposure to international real estate assets. The portfolio has a strong Asian focus, as Portfolio
Manager Rob Hart has lived and managed portfolios in Asia for twenty years and believes that global
developed market indices will be comprised of more Asian real estate companies over time.

According to Hart, Fairtree Global Listed Real Estate will remain committed to providing actively managed
global real estate exposure for investors, who require access to a high-quality portfolio of international real
estate assets. “Our fund features our top-down ‘three bites of the apple’ philosophy: First geographical location,
then property sector and then stock specifics including the quality of the assets and management, valuations
and other factors,” he said. “We run a concentrated, actively-managed portfolio of 30-40 names which tick the
boxes in terms of region, sector and stock, which form a best ideas portfolio, where new ideas replace dated
ones on a regular basis.”

Francis Wheeler, Fairtree’s Head of Institutional Business, added, “We are excited to be able to partner with
Prescient to offer this second UCITS in our fund range to clients. As proud as we are of our South African roots
and high-quality track record in our local market, our clients are requesting we provide solutions for them in
global markets, and we’ve spent several years building capabilities with exceptional skill to meet this demand.
Global Real Estate offers excellent growth, currency and diversification benefits which we look forward to
delivering to our local and global clients.”

“We are proud to welcome Fairtree’s latest fund to our flagship Irish UCITS umbrella platform and look forward
to supporting the Fairtree team as the fund grows,” said Rob Childs, Head of International at Prescient Fund
Services.

Fairtree has offices in London, Cape Town, Guernsey and the Hague, and clients include sovereign wealth
funds, insurers and global allocators based in the Americas, Europe and the Middle East.

The Fairtree Global Listed Real Estate Fund is approved for marketing and distribution in Ireland and the UK
under the UCITS passporting regulations as well as South Africa where the FSCA has approved it as a Section
65 fund.