Omba Advisory & Investments Ltd, the UK discretionary manager, has picked Prescient Fund Services (Ireland) Limited as the Ucits management company and fund administrator for its first Irish Ucits.
The Omba Moderate Risk Global Allocation fund is a sub-fund to the Prescient Global Funds plc platform, and offers a globally diversified fund that invests using ETFs in both equity and fixed income markets.
The fund uses a valuation based approach to over and underweight countries and sectors using ETFs.
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."