Prescient Fund Services Recognised at the Africa Global Funds Awards

The alternative administration unit of Prescient Fund Services has excelled at the recent 2018 Africa Global Funds Awards - winning Best Hedge Fund Administrator in Africa, and Best Fund Administrator: Private Equity Funds Under $20 billion.

Last year, Prescient Fund Services was awarded Best Hedge Fund Administrator in Africa at the awards.

Part of the diversified Prescient group, Prescient Fund Services offers independent, outsourced administration services to asset managers, multi-managers and other institutional investment providers. The offering includes portfolio administration, unitisation, and investor services administration, across traditional funds, hedge funds and private equity funds.

Hayden Reinders, head of alternative administration at Prescient Fund Services, and chairperson of the Hedge Fund Standing Committee of the Association for Savings and Investment South Africa (ASISA) commented:

“Prescient offers best of industry hedge fund administration with customisable reporting based on industry standards and regulatory requirements, tailored to exact needs. We also provide boutique private equity administration, focusing on user-friendly monthly management accounting, bespoke investor reporting and integrated systems.

“We’ve worked hard on developing these capabilities to meet growing demand for outsourced and increasingly complex administration services. This, together with the group’s investment in our business, makes the team’s performance at 2018 Africa Global Funds Awards particularly gratifying.”

Prescient Fund Services was established in 2010 as demand for outsourced administration services by third party clients grew. A registered Financial Services Provider and a licensed administrator, Prescient Fund Services administers over R350 billion / US$ 25 billion (as at 31 March 2018) in South African assets across all major asset classes for Prescient and third-party clients.

Via its Dublin-based fund services company, Prescient is approved to administer Irish regulated funds as well as those in other jurisdictions including the Cayman Islands. Prescient Fund Services (Ireland) Limited is also authorised by the Central Bank of Ireland as a UCITS Management Company (Undertakings for Collective Investment in Transferable Securities) and AIFM (Alternative Investment Fund Manager) providing third party management company services via four fund platforms.

Reinders added that he expects demand for administration services to continue rising as regulatory and compliance pressures on fund managers increases, along with stronger investor demand for alternative assets in the wake of the recent performance of the Johannesburg Stock Exchange (JSE).