FairTree Asset Management recently launched its second Irish UCITS fund. The fund is known as the Fairtree Global Listed Real Estate Fund is on the Prescient Global Funds ICAV platform., media report said.
ICAV, also known as the Irish Collective Asset-management Vehicle encourages investors to invest in more than one investment fund provided by it.
FairTree Asset Management is a leading multi-strategy alternative investment manager established in South Africa. Francis Wheeler, Fairtree’s head of Institutional Business, told the media, “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.”
The firms has offices set up in London, Cape Town, Guernsey and the Hague. Its clientele includes sovereign wealth funds, insurers and global allocators from the Middle East, the Americas and Europe. It is reported that the fund is approved in Ireland and the UK under the UCITS passporting regulations.