SEI's Institutional-Quality Infrastructure and Daily Reconciliation for Systematic Trading Key Factors in Firm's Decision
DUBAI, UNITED ARAB EMIRATES--(Marketwire - June 12, 2012) - SEI (NASDAQ: SEIC) today announced that it has been selected by Estlander & Partners to provide operational outsourcing services for the firm's hedge fund business. With a strong institutional investor base, Estlander sought an outsourcing partner with a proven institutional-quality infrastructure as well as the ability to provide daily reconciliation to support the firm's systematic trading strategies. This is the latest in a series of wins for SEI as more investment managers seek premier outsourcing providers that can provide them with the transparency, insight and support to make better decisions, eliminate risk, and provide valuable, accurate and timely information.
SEI will provide Estlander with a comprehensive suite of 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 CTAs and brokerage firms. Estlander will utilize SEI's Manager Dashboard reporting platform to gain flexible, 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. SEI's institutional-quality infrastructure, its high-quality investor servicing and its ability to provide daily reconciliation for systematic trading were pointed to as key factors in the selection process.
"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, Chief Executive Officer and Chief Investment Officer of Estlander & Partners. "Executing high-frequency trading strategies, we needed a top-quality and robust infrastructure to support daily reconciliation in a high-volume environment while also providing the scalability and the expertise we need as we continue to grow our business. SEI proved to offer just that and we are excited to team with a strategic partner that brings so much to the table at such an important period in our business."
"Providing an exceptional investor experience is core to our offering and a main reason why our technology was compelling to Estlander," said Philip Masterson, Senior Vice President and Managing Director, SEI's Investment Manager Services division. "We've invested heavily in our technology and our integrated operating platform to deliver a high degree of automation, risk controls and transparency that not only help our investment manager clients, but also provide comfort and an enhanced experience for Estlander's investors. We're excited to partner with Estlander to help the company drive greater efficiencies, attract more institutional clients, and continue to grow its systematic trading business."
About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to support investment managers globally across a range of registered and unregistered fund structures, diverse investment strategies and jurisdictions. With expertise covering traditional and alternative investment vehicles, the division applies customized operating services, industry-leading technologies, and practical business and regulatory insights to each client's business objectives. SEI's resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recently recognized by Buy-Side Technology as "Best Fund Administrator," by Hedge Funds World Middle East as "Best Service Provider" and by HFMWeek as "Best Single Manager Hedge Fund Administrator (Over $30B AUA)" in the U.S. and "Best Administrator -- Technology Provider" in Europe. For more information, visithttp://www.seic.com/enME/investment-managers.htm.
About SEI
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 March 31, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $428 billion in mutual fund and pooled or separately managed assets, including $189 billion in assets under management and $239 billion in client assets under administration. For more information, visit http://www.seic.com/enME/index.htm.
About Estlander & Partners
Estlander & Partners is a Finnish CTA with one of the longest and most impressive track records in Europe. Our integrity, independence, innovative spirit and solid trading experience underpin our commitment to generating superior risk adjusted returns. These qualities have been our guiding principles for the past 20 years and they provide a foundation for the future, enabling us to guide our clients through changing markets Estlander & Partners manage 800 million euros and employs 50 professionals in Helsinki, Vaasa, Munich, Zürich and Stamford. Estlander & Partners is registered with the Finnish Financial Supervisory Authority and is a member of the National Futures Association in the United States.
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 Investment Intermediaries Act of 1995.
This material is not directed to any persons where (by reason of that person's nationality, residence or otherwise) the publication or availability of this material is prohibited. Persons in respect of whom such prohibitions apply must not rely on this information in any respect whatsoever.
Company Contact:
Dana Grosser
SEI
+1 610-676-2459
dgrosser@seic.com
Media Contact:
Paul Young / Renny Popoola
MHP Communications
+44 020 3128 8100
SEIIMS@mhpc.com
© 2012 Marketwire, Incorporated. All rights reserved.
No comments:
Post a Comment