Digital Assets Report

Newsletter

Like this article?

Sign up to our free newsletter

SEI passes USD100bn in alternative assets under administration

Related Topics

Oaks, Pennsylvania-based SEI has passed the USD100bn mark in alternative investment assets under administration, bringing worldwide total assets administered by the firm to more than USD42

Oaks, Pennsylvania-based SEI has passed the USD100bn mark in alternative investment assets under administration, bringing worldwide total assets administered by the firm to more than USD420bn. According to SEI, the milestone is a result of the firm’s growth in the sector as well as the broader trend toward operational outsourcing taking place in the investment management industry.

SEI argues that its success in the hedge fund and private equity market reflects a growing institutional trend as managers look to outsourcing partners to deliver a controlled and process-driven operating environment, greater transparency, sophisticated data management and reporting capabilities, and ultimately enhanced credibility, as more institutional assets permeate the segment.

The firm says it has achieved similar success in other business segments as the convergence of investment strategies makes it critical for managers to seek partners with the deep product knowledge and comprehensive technology platforms necessary to support all their investment products.

‘We’ve seen incredible momentum for our hedge fund and private equity services,’ says John Alshefski, head of business development for SEI’s investment manager services division. ‘Our innovative technology, industry knowledge, and robust infrastructure have set us apart.

‘We understand the pressures that come along with servicing sophisticated investors, and our solution is designed to help managers successfully grow their business and remain focused on their core expertise. The fact that we’ve built this business organically, rather than through acquisition, is a testament to the value of our services.’

Steve Meyer, an executive vice-president and head of SEI’s investment manager services division, says: ‘Our success in the alternative space, and our business in general for that matter, really comes down to our two greatest assets – our employees and our clients. Our vast industry experience has allowed us to create solutions that help keep our clients ahead in the market.

‘We’re extremely proud of the USD100bn milestone, and it’s just the start. As we continue to leverage our global presence and expertise, we are committed to serving our clients and their investors wherever they are. We look forward to continued growth as the market evolves and managers seek deeper operational partnerships to allow them to focus on the investment aspects of their business.’

The investment manager services division provides operations outsourcing solutions to managers of mutual funds, hedge and private equity funds, separately managed accounts and institutional client service. Its currently has more than 100 alternative investment clients, representing more than 600 funds of hedge funds, direct traded strategy hedge funds and private equity funds.

SEI is a provider of outsourced asset management, investment processing and investment operations solutions to corporations, financial institutions, financial advisors and affluent families. At the end of September, through subsidiaries and partnerships in which SEI has a significant interest, the group administered USD423bn in mutual fund and pooled assets and managed USD202bn in assets.

Like this article? Sign up to our free newsletter

Most Popular

Further Reading

Featured