SEI jumps $100b in alternative assets under admin

FWR Staff

15 November 2007

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 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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