SEI (Nasdaq: SEIC) today announced that it was named Best Funds of Hedge Funds Administrator in the 2009 HFMWeek US Service Provider awards. The award, presented by industry publication HFMWeek, points to SEI's ongoing leadership in the funds of hedge funds space. It demonstrates the industry's recognition of SEI's innovative technology and best-in-class processes. These areas are critical as funds increasingly turn to outsourcing to achieve greater transparency and efficiencies in the face of changing investor and regulatory demands.
Commenting on the award, Steve Meyer, Executive Vice President, SEI and Head of SEI's Investment Manager Services division, said:
"We are honoured to be nominated and win this award. Most importantly to us, however, was that this was in large part due to recommendations from our clients and indicative of the strategic partnerships we have built over the life of our relationships. We have always said that our success is solely based on that of our clients, and we continue to strive to help them achieve their business objectives now and in the future. "We have invested significant resources to ensure we have leading-edge technologies and processes that make us an invaluable outsourcing partner for our clients, regardless of their investment product structure, asset classes in which they invest, or portfolio strategy. We continue to push for innovations that aid in our clients' success."
Through its comprehensive outsourcing solution, SEI provides a wide variety of services including fund accounting, administration, and investor servicing using best-in-class technology solutions. SEI's innovative Dashboard tool is used by funds of hedge funds to create greater levels of efficiency, increased collaboration, and daily transparency in delivering timely accurate valuation and reporting. Through the use of workflow processes, it also enables real-time approval processing and task management in a user-friendly online format.
SEI was selected for the prestigious award from a group of nominees that included some of the industry's largest and most notable providers. Among the reasons SEI was selected was the fact that its alternative assets under administration had grown by over 30 percent in 18 months.
© 2009 Al Bawaba (www.albawaba.com)
