SEI has been selected by Monsoon Capital, a US-based alternative asset manager focusing on emerging markets, to provide full fund administration and trustee and custodial services for the firm’s UCITS IV fund.
Given Monsoon’s systematic and quantitative trading approach, SEI’s technology, which delivers a straight-through, automated process for trade reconciliation, was a key factor in the manager’s decision to select SEI. Monsoon will also receive comprehensive data management, performance, and risk reporting via SEI’s Manager Dashboard. The online tool provides Monsoon with the flexibility to tailor reporting to better support the firm’s unique business decision-making process.
SEI’s comprehensive outsourcing solution encompasses fund administration, accounting, investor servicing, and Irish trustee and custody services. SEI’s systems provide aggregated views of data across multiple product lines from the fund or portfolio level down to the investment security level, and are accessible 24/7 via the web. The scalability and adaptability of SEI’s solutions allow for the long-term, consistent support of Monsoon’s requirements as they evolve.
Philip Masterson (pictured), Senior Vice President and Head of Business Development, Europe, within SEI’s Investment Manager Services division, says: "SEI has the technology, expertise, and track record to support high-frequency trading in a controlled environment, thereby reducing managers’ business risks. Some clients’ trading volume reaches peaks of 120,000 trades a day, and Monsoon found our process compelling. By providing automated and scalable technology from trade entry through back-end reconciliation, we enable Monsoon to focus on managing investments and creating a better experience for its investors."
Gautam Prakash, Founder and Senior Managing Director of Monsoon Capital, says: "SEI stood out for us as a strong partner due to its independence as an administrator, the quality of its technology, and its ability to provide flexible and tailored reporting to support our specific needs. We very much look forward to working with SEI as we continue to grow our asset base and add new alternative strategies in the UCITS format."