SEI Named Best Funds of Hedge Funds Administrator at HFMWeek's European Service Provider Awards
Award Points to Company's Growth in Europe and Ongoing Investments in Front-, Middle- and Back-Office Solutions
OAKS, PA -- (MARKET WIRE) -- 06/06/11 -- SEI (NASDAQ: SEIC) today announced that it was named "Best Funds of Hedge Funds Administrator" in the 2011 HFMWeek European Service Provider Awards among service providers with over $30 billion in assets under administration. The award, presented by industry publication HFMWeek and held on May 26 in London, points to SEI's continued investments in technologies that enable hedge fund managers to better manage their business, adapt to regulatory changes, and meet investors' evolving demands.
"We are very pleased to receive this independent acknowledgement of our services and our vision for the marketplace. We've seen increased interest from the region and this is a clear indication that our solutions are resonating in the European market," said Steve Meyer, Executive Vice President and Head of SEI's Investment Manager Services division. "The rumors of funds of hedge funds' demise are greatly exaggerated. The fund of hedge fund model is evolving and investors are still investing, but now they are expecting more control, transparency, and value for their money. That's why we've invested in additional front- and middle-office solutions that help managers deliver what their investors are seeking."
SEI provides fund of hedge fund managers with a comprehensive outsourcing solution that includes front-, middle- and back-office services. Core to its solution is the SEI Manager Dashboard, which provides managers with flexible, transparent, and aggregated views of their data across all their investment products. It enables managers to better analyze and interpret their data to gain insights that facilitate investment and business-wide decision making. Additionally, the company has continued to enhance the SEI Investor Dashboard, an investor reporting website that incorporates document management, investor communication tools, and investor data views in a secure, user-friendly, online application. It allows managers to enhance the investor communication experience for their clients globally.
About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to global investment managers focused on mutual funds, hedge and private equity funds, exchange traded funds, collective trusts, and separately managed, as well as institutional and private client, accounts. The division applies operating services, technologies, and business and regulatory knowledge to each client's business objectives. Its resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recently recognized by HFMWeek as "Most Innovative Fund Administrator (Over $30bn AUA)" and "Best Funds of Hedge Funds Administrator (Over $30bn AUA)" in both the US and Europe. Additionally, SEI has been recognized as "Service Provider of the Year" by the Money Management Institute. For more information, visit www.seic.com/ims.
About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $429 billion in mutual fund and pooled assets or separately managed assets, including $179 billion in assets under management and $250 billion in client assets under administration. For more information, visit www.seic.com.
Company Contact: Dana Grosser SEI +1 610-676-2459 Email Contact Media Contact: Jason Rocker Braithwaite Communications +1 215-564-3200 x 110 Email Contact
Source: SEI
Released June 6, 2011