Sharenet Sites 
Sharenet Sites
Market Update
Prescient Limited
(formerly PBT Group Limited)
Incorporated in the Republic of South Africa
Registration number: 1936/008278/06
Share Code: PCT ISIN: ZAE000163531
("Prescient" or "the Company")
Market Update
Prescient Investment Management (Pty) Limited (“PIM”), a wholly-owned subsidiary of Prescient, is a leading
Quantitative Investment Management house which was launched in 1998. PIM started as an institutional
investment manager, managing assets for pension funds, medical aids, unions and corporations.
Over time, a distribution relationship was forged with Nedgroup Investments (Pty) Limited (“Nedgroup
Investments”), where PIM managed selected retail unit trusts under the Nedgroup Investments brand. Eldria
Fraser, CEO of PIM said: “We have come to the point in our development and growth strategy where we
would like to consolidate our entire unit trust product range under our own brand.” PIM has therefore given
notice of termination of management on the four Nedgroup Investments funds. This includes the Flexible
Income, Positive Return, Optimal Income and Bond mandates.
Positive Return, Income Provider (Flexible Income) and Bonds have always been part of PIM’s core
competencies, but importantly, PIM’s Money Market, Balanced, Equity and Offshore funds have also been
successful solutions. “The consolidation of all our unit trust products under our brand will support our growth
plans into the retail (individual) market” says Fraser.
The termination will result in the loss of approximately R11billion in total assets under management; however
the impact on Group profitability will be relatively small. Fraser said “We expect the impact on earnings to be
mitigated over a period of time as we gather assets directly into our own funds. We would like to thank
Nedgroup Investments for their support over the years and we wish them all the best for the future. “
Cape Town
28 September 2012
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 28/09/2012 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
