DUBAI, United Arab Emirates, February 7, 2011 /PRNewswire/ --
- Company's Extensive Expertise and Scalable Structures Crucial to 36 South Capital as it Expands Global Investment Focus
SEI (Nasdaq: SEIC) announced today that it had been selected by absolute return manager 36 South Capital Advisors LLP to provide full-service operational outsourcing for the firm's recently re-domiciled volatility funds. SEI's ability to provide institutional-quality technology and industry-proven solutions to support growth plans were key factors in the selection process for 36 South.
SEI's comprehensive fund solution encompasses fund administration, accounting, investor servicing, and trust and custody services. At the centre of this solution is SEI's Manager Dashboard, which provides flexible, transparent, and aggregated views of data across multiple product lines from the fund or portfolio level to investment detail via the web. The Manager Dashboard enables 36 South to view detailed data related to holdings, transactions, and performance.
"SEI's global presence, technology, and scalability were critical for us as we sought an outsourcing partner," said Richard Haworth, Partner and Chief Investment Officer at 36 South Capital Advisors LLP. "SEI's proven platform and expertise across fund structures gave us the one-stop shop that we were looking for to provide a truly integrated solution. We also really appreciated that their technology provides us with more comprehensive access to our data, which enables us to provide a better investor experience."
"36 South's ambitions to further expand were one of the reasons they wanted a single strategic outsourcing partner with the experience and solutions necessary to meet their needs," said John Alshefski, Senior Vice President, SEI's Investment Manager Services division. "At SEI, we've spent a significant amount of time and resources ensuring our platform and our processes provide the integration and scalability that our clients need. 36 South is clearly in a strong growth mode and we're looking forward to helping them achieve their business goals and serve their clients now and in the future."
About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to global investment managers focused on mutual funds, hedge and private equity funds, exchange traded funds, collective trusts, and separately managed, as well as institutional and private client, accounts. The division applies operating services, technologies, and business and regulatory knowledge to each client's business objectives. Its resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recognized by HFMWeek as "Most Innovative Fund Administrator (Over $30bn AUA)" and "Best Funds of Hedge Funds Administrator (Over $30bn AUA)." For more information, visit http://www.seic.com/enME/im/1310.htm.
SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of December 31, 2010, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $416 billion in mutual fund and pooled assets and manages $172 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit http://www.seic.com/enME/index.htm.
About 36 South
Founded in New Zealand in 2001, 36 South is an established hedge fund manager which specializes in managing global macro/volatility funds, one of just a handful of fund managers actively pursuing this strategy. Investment decisions are taken based upon 36 South's proprietary Quadrivium process, and make use of bespoke indices, developed by 36 South, called the Global Implied Volatility Indices.
Services provided by SEI Investments - Global Fund Services Limited (Reg. in Dublin No. 242309), SEI Investments Trustee & Custodial Services (Ireland) Limited (Reg. in Dublin No. 315393), and their affiliates, which are all wholly owned subsidiaries of SEI Investments Company.
SEI Investments - Global Fund Services Limited and SEI Investments Trustee & Custodial Services (Ireland) Limited (Styne House, Upper Hatch Street, Dublin 2, Ireland) are authorized by the Central Bank of Ireland under the Central Bank Reform Act 2010.
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