SEI has enhanced the workflow processes and capabilities associated with its hedge fund outsourcing services to improve transparency, automation and controls, and operational risk repor
SEI has enhanced the workflow processes and capabilities associated with its hedge fund outsourcing services to improve transparency, automation and controls, and operational risk reporting.
The enhancements are designed to assist hedge fund managers as they face increased pressure to meet the growing demand for transparency, risk mitigation and daily reporting being placed on them by their institutional clients.
SEI’s enhanced workflow automates the middle and back-office functions of hedge fund operations, creating efficiencies that allow SEI to provide daily pricing and valuation services, profit and loss as well as daily net asset values down to the investor level.
It also aims to provide increased operational transparency, a paperless operational process, improved communication between the investment manager and SEI and a streamlined annual audit process.
‘Managers are being driven by their investors to have a transparent, independent and process-driven operational environment. In this ‘era of the investor,’ our focus continues to be on developing and enhancing solutions to help our clients meet and exceed their investors’ needs and concerns,’ says Steve Meyer, executive vice president, SEI and head of SEI’s investment manager services division.
‘Our technology systems and processes provide managers with a daily reporting environment that can enhance their decision making and analytics, as well as provide their clients with a greater level of transparency, which is an absolute requirement in today’s world. Our ongoing investments in workflow automation have us well positioned to help our clients face these new market realities.’
SEI currently provides daily estimated NAVs and P&L reporting for 40 per cent of the funds it administers. It administers over USD135bn in alternative investment assets.
