Family Office
SEI jumps $100b in alternative assets under admin

Outsource service provider passes a milestone in hedge-, PE-fund
processing. SEI has surpassed $100 billion in alternative assets
under administration, marking a milestone that brings its total
administered assets globally to more than $420 billion.
"We've seen incredible momentum for our hedge fund and private
equity services," says John Alshefski, head of business
development for SEI Investment Manager Services (IMS) 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."
Operational partnership
SEI says its success with alternative-investment processing is
part of a growing trend of managers depending on outsourcing
partners for a controlled and process-driven operating
environment, more transparency, better data-management and
reporting capabilities, and, ultimately, more credibility in a
sector that -- thanks in part to some high-profile cave-ins --
has come under scrutiny.
"Our vast industry experience has allowed us to create solutions
that help keep our clients ahead in the market," says SEI IMS
head Steve Meyer. "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."
SEI started processing alternatives in 1999. It hit the
$50-billion mark in May 2004.
SEI's Investment Manager Services division has more than 100
alternative investment clients, representing over 600 funds of
hedge funds, direct traded strategy hedge funds and
private-equity funds. -FWR
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