SEI has reached a major milestone by exceeding the $100 billion mark in alternative investment assets under administration.
This brings the total amount of assets administered by SEI to over $420 billion globally. The achievement points to SEI’s ongoing leadership in the hedge fund servicing space.
SEI’s success in the hedge fund market reflects the growing trend of more institutional assets flowing into the hedge fund space. This has resulted in hedge fund managers looking to their service partners to deliver a controlled and process-driven operating environment to support their investment activities, bringing greater transparency, sophisticated data management and reporting capabilities which ultimately enhance credibility.
“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,” says John Alshefski, head of business development for SEI’s Investment Management Services division.
“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 $100 billion 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,” adds Steve Meyer, executive vice president, SEI and head of SEI’s Investment Manager Services division.