Institutional Client Portfolios
Prescient has been managing money for institutional clients since 1998. Initially all mandates were discretionary segregated accounts, but this evolved over time to include pooled portfolios using our Collective Investment Scheme Management Company (unit trusts) and via Prescient Life.
Discretionary Segregated Mandates
Discretionary segregated mandates are available to clients investing R100 million or more. Each portfolio management agreement will define the investment parameters to which Prescient will manage the assets, the terms and fees. Assets will be registered in the client’s name and the client can choose their custodian. Discretionary mandates can be tailored to the client’s needs.
Investing Via a Pooled Vehicle
Clients may elect to invest in a pooled vehicle. This may be due to asset size, regulatory constraints or the client preferring an investment vehicle that is subject to additional regulation like a Collective Investment Scheme.
Collective Investment Schemes (CIS)
The range of available CIS funds includes Prescient’s core portfolios as well as funds where the mandate has specifically been designed to assist clients using a building block approach. Investors are pooled into a single unit fund which is highly regulated. The minimum lump sum investment into a CIS portfolio is R10 000.
Retirement Fund and Medical Scheme clients may choose to invest in an investment linked Fund policy issued by Prescient Life. The investment options underlying the Fund policy includes most of Prescient’s core portfolios. The minimum investment into an existing Life pooled portfolio is R10 000 and to open a new Life pooled portfolio is R150 000.