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SEI extends outsourcing relationship with Edgewood Management


SEI has extended its relationship with Edgewood Management to provide the firm with a complete investment operations outsourcing solution encompassing Edgewood’s investment products.

SEI has extended its relationship with Edgewood Management to provide the firm with a complete investment operations outsourcing solution encompassing Edgewood’s investment products.

SEI’s outsourcing solution for Edgewood’s institutional, private client and retail separate accounts includes account administration, performance calculation and reporting, account and trade reconciliation, and manager trade support, as well as a data warehousing solution that provides online access to both management and account-level data.

Additionally, SEI is providing fund administration, accounting, investor servicing and distribution services for Edgewood’s large cap mutual fund through its turnkey series trust solution, known as Advisors’ Inner Circle Fund. Investment managers in Advisors’ Inner Circle Fund also benefit from an independent board of trustees, a complete compliance programme and cost-efficiencies gained from sharing the trust’s expenses.

SEI began working with Edgewood in 2006.

‘We’ve grown rapidly and SEI’s comprehensive solution allows us to scale very quickly. Additionally, teaming with SEI has demonstrated that we have an operating environment that can withstand investors’ increasing scrutiny and requirements,’ says Fausto Rotundo, chief financial officer of Edgewood Management. ‘SEI has been a true business partner over the years, helping us find ways to create efficiencies, increase automation and transparency, and, through their reporting, gain additional insights into our business activity. We’ve experienced significant growth, and by relying on SEI’s operational infrastructure, we’ve been able to meet that growth without undo business stress and the need to add more resources.’

SEI’s separate accounts platform interfaces with over 100 custodians and its proprietary workflow technology and document management system help to automate tasks, increase standardisation and improve transparency.

‘We helped create a flexible operational environment that allowed Edgewood to focus on growing its core business – which they did extremely well,’ says John Alshefski, senior vice president, SEI’s investment manager services division. ‘This partnership demonstrates the true value of outsourcing and, more importantly, the value of working with a strong partner who has the expertise and robust systems to support a range of investment products. We are proud to be a part of what Edgewood has achieved and look forward to supporting their continued growth.’

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