SEI (Nasdaq: SEIC) today announced that it has been selected by Graham Capital Management, L.P. to provide operations outsourcing services for the firm's multi-billion dollar, multi-strategy hedge fund complex, which includes hedge funds, managed accounts and proprietary vehicles.
The deal marks Graham's move toward a daily reporting environment and illustrates SEI's leadership position among managers seeking to deliver a premium investor experience.
The deal marks Graham's move toward a daily reporting environment and illustrates SEI's leadership position among managers seeking to deliver a premium investor experience.
SEI was selected after an extensive search among some of the most notable outsourcing providers in the industry. SEI's expertise in servicing large clients, its robust technology platform, as well as its proven leadership in creating a daily hedge fund servicing environment, were pointed to as key differentiators in the selection process. As part of the deal, SEI will provide a complete operational outsourcing model including fund accounting, administration, reporting and shareholder services tailored to the needs of Graham's investors.
"When we made the decision to move to a daily reporting environment, SEI was the right partner for us," said Paul Sedlack, Chief Executive Officer of Graham Capital Management. "They have the top-tier processes and systems that will allow us to report information to our shareholders on a daily basis and ultimately enhance the overall shareholder experience. We look forward to partnering with them as we continue to grow our business."
"With more institutional dollars and more demanding investors in the space, many larger hedge funds are requiring a daily reporting model," said Steve Meyer, Executive Vice President, SEI and Head of SEI's Investment Manager Services division. "In today's highly competitive landscape, daily reporting can be a significant competitive advantage and we've proven that we have the technology and the processes to operate seamlessly in that environment. A firm of Graham's size, complexity and servicing requirements is unique, and we're looking forward to the opportunity to help them raise the bar for their shareholder service. Graham is a leading firm witth an excellent reputation in the industry and we're pleased to be working with them as they continue their incredible success."