SEI Investments has won the mandate to manage $77 million in board designated funds for Louisiana-based Lafayette General Medical Center. SEI will provide Lafayette General Medical Center with fully integrated consultative services, customized global investment management, and administrative services for these funds.
“Due to the continued volatility in the investment marketplace, a desire to expand investment diversification, and an increased need to spend more time on their core business, Lafayette General Medical Center decided to change their approach to the total investment management process,” says Stephen Onofrio, Senior Vice President & Managing Director, Core Corporate Market. “Through SEI’s integrated investment solution, Lafayette General Medical Center is able to capitalize on the flexibility of SEI’s investment management program to enhance the scope of their board designated funds management process. The addition of SEI will provide Lafayette General Medical Center with necessary consultative services to manage the fund process and provide Lafayette General Medical Center trustees with enhanced fiduciary services, administrative efficiencies, and controlled costs.”
SEI Investments specialises in manager-of-managers programmes.