OAKS, Pa., March 14, 2011 /PRNewswire/ -- SEI (Nasdaq: SEIC) today announced that it has secured long-term contract extensions with several existing mutual fund clients to provide full-service operational outsourcing through the company's Advisors' Inner Circle Fund® (AIC) series trust offering. These multiple contract extensions, along with the two new series trust clients SEI signed recently, reflect a strong, continuing industry movement towards turnkey operational outsourcing, while also reinforcing the company's leadership position in the space.
Among the clients with whom SEI secured long-term outsourcing relationships are: Westwood Management Corp.; Rice Hall James & Associates, LLC; C.S. McKee, L.P.; Champlain Investment Partners, LLC; and Analytic Investors, LLC. In each instance the outsourcing services will be provided through SEI's AIC series trust. Amid the recent market volatility and increasingly complex regulatory environment, the comprehensive nature of the AIC solution coupled with SEI's extensive expertise allows clients to navigate through business challenges and capitalize on opportunities.
"We are proud of the long-term relationships we've established with our clients," said John Alshefski, Senior Vice President, SEI's Investment Manager Services division. "SEI has offered its AIC series trust solution for more than 18 years to managers who want the confidence and scalability of an institutional-quality infrastructure, while also gaining the added benefit of SEI's deep compliance expertise. The firms who select AIC join a group of high-quality managers who rely on our knowledge and consultative approach to help their businesses thrive. We look forward to helping them continue to grow for years to come."
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/enUS/im/340.htm.
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of December 31, 2010, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $416.0 billion in mutual fund and pooled or separately managed assets, including $172.3 billion in assets under management and $243.7 billion in client assets under administration. For more information, visit www.seic.com.