SEI has been chosen by Finnish investment manager Estlander & Partners to provide operational outsourcing services for the firms hedge fund business.
SEI will provide Estlander with back-office services including fund accounting, fund administration, and investor servicing. SEI will provide its services in a straight-through-processing environment with an automatic reconciliation tool designed specifically for reconciling high transaction volumes with commodity trading advisors (CTAs) and brokerage firms. Estlander will utilize SEI’s Manager Dashboard reporting platform for transparent and aggregated views of its data. The firm will also use SEI’s Investor Dashboard, an investor-focused reporting platform that facilitates greater communication and transparency with investors.
“As we continue to expand our business throughout Europe and the U.S., having an outsourcing partner such as SEI that has a global reputation, innovative technology and specific expertise in our trading strategy is critical,” said Martin Estlander, CEO and CIO of Estlander & Partners.
Separately, private equity fund administrator AltResources has selected AltaReturn as a technology partner for cloud-based fund accounting and reporting services.
John Wiencek, Managing Director of AltResources, said: “The agreement with AltaReturn marks a significant milestone for the firm. It will enable us to give clients additional technology that is both highly reliable and adaptable to their unique needs. Transparency and efficiency are important in today’s market. The AltaReturn product helps us meet these requirements.”;
(JDC)