SEI Named Best Fund Administrator at Buy-Side Technology Awards 2009

OAKS, Pa., Nov. 30 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC) today announced that it has won the award for Best Fund Administrator at the annual Buy-Side Technology Awards, held at the Lanesborough Hotel, in Mayfair, London.

"We are proud to receive this award as it is a testament both to the dedication of our employees and the high level of service we have consistently provided to our clients, as well as the quality of the technologically-advanced solutions we continue to develop to help our clients succeed," said Steve Meyer, Executive Vice President, SEI, and Head of SEI's Investment Manager Services division. "As investment managers look for ways to form stronger, longer-lasting client relationships, they have embraced providers who can help improve their end-investor experience by way of increased transparency, risk mitigation, and more meaningful reporting and communications. With investors, particularly institutional, increasingly in the driver's seat, managers are expected to provide increased levels of transparency across all aspects of their business, and deliver more data and information more often. By their relying on SEI as a strategic partner, we're able to provide managers with a return on their operations, allowing them to focus on what's most critical to them and their investors."

SEI has been at the forefront of providing back- and middle-office solutions to investment managers worldwide. With a proven ability to deliver leading-edge technologies and processes, SEI helps managers keep up with the changing regulatory landscape, the growing demand for transparency, and the changing needs of their businesses - all in a cost-effective and scalable manner. Workflow technology underlies much of the functionality and enhancements SEI delivers to investment managers, enabling them to adapt to the changing demands of a growing institutional client base amid a heightened regulatory and compliance-driven environment. Providing managers with the tools to focus on their core competencies has served SEI well; over the past 18 months, SEI has grown assets under administration by over 30 percent.

"The fund administration industry has not been a happy place for many participants over the past 18 months as funds under administration (AUA) have shrunk alarmingly," said Victor Anderson, Editor of Buy-Side Technology. "Not only has SEI bucked this trend, but it's also leading the way in terms of providing clients with end-of-day NAV and P&L reports. These successes, combined with SEI's technology innovations, such as its Manager Dashboard, is why SEI won Buy-Side Technology's inaugural Best Fund Administrator award."

About SEI's Investment Manager Services Division

SEI's Investment Manager Services division provides total operations outsourcing solutions to global investment managers focused on mutual funds, hedge and private equity funds, exchange traded funds, collective trusts, separately managed accounts and institutional and private client services. 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 recognized by Buy-Side Technology as "Best Fund Administrator" and by HFMWeek as "Best Funds of Hedge Funds Administrator." For more information, visit http://www.seic.com/enUS/investment-managers.htm.

About SEI

SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of September 30, 2009, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $383 billion in mutual fund and pooled assets and manages $156 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit http://www.seic.com.

SOURCE SEI

Released November 30, 2009