Graham Capital Management, L.P., selected SEI to provide operations outsourcing services for the firm’s multi-billion dollar, multi-strategy hedge fund range, which includes hedge funds, managed accounts and proprietary vehicles.
The deal marks Graham’s move toward a daily reporting environment.
“When we made the decision to move to a daily reporting environment, SEI was the right partner for us,” says Paul Sedlack, CEO of Graham Capital Management. “They have the top-tier processes and systems that will allow us to report information to our shareholders on a daily basis and ultimately enhance the overall shareholder experience. We look forward to partnering with them as we continue to grow our business.”
SEI’s expertise in servicing large clients and robust technology platform, were pointed to as differentiators in the selection process among some of the most notable outsourcing providers in the industry. As part of the deal, SEI will provide a complete operational outsourcing model including fund accounting, administration, reporting and shareholder services.
“With more institutional dollars and more demanding investors in the space, many larger hedge funds are requiring a daily reporting model,” says Steve Meyer, executive vice president and head of SEI’s Investment Manager Services division. “In today’s highly competitive landscape, daily reporting can be a significant competitive advantage and we’ve proven that we have the technology and the processes to operate seamlessly in that environment. A firm of Graham’s size, complexity and servicing requirements is unique, and we’re looking forward to the opportunity to help them raise the bar for their shareholder service. Graham is a leading firm with an excellent reputation in the industry and we’re pleased to be working with them as they continue their incredible success.”