SEI announced that it has been selected by Anchor Point Capital to provide fund administration, accounting and investor servicing for two new hedge fund of funds products.
The products SEI will administer include one onshore and one offshore fund of funds offerings. The funds are being launched by Tim Crowe and Albert Hsu. SEI was selected in a competitive evaluation process. SEI’s client roster and references as well as its expertise in the fund of funds space were pointed to as key differentiators in the selection process.
“Everything we saw and everyone we talked to pointed to SEI as the leader in the hedge fund of funds space,” said Crowe. “Working with a top-tier outsourcing provider like SEI is imperative if you’re targeting institutional investors and that’s certainly something we plan to do. SEI’s reputation only bolsters our credibility as we seek to grow our offerings. We look forward to working with them for a long time.”
“We’re pleased to work with high-profile managers like Tim and Albert,” said John Alshefski, head of New Business Development for SEI’s Investment Manager Services unit. “We understand the specific needs of investment managers and fund of funds and their unique challenges. We look forward to helping Anchor Point Capital achieve success in the fund of funds arena.”