Constellation selects SEI Investments for mutual fund operations
SEI Investments (NASDAQ:SEIC), the global provider of integrated operating solutions for investment management organizations, announced that Constellation Investment Management, sponsor of the Constellation Funds Group, a $2.3 billion fund family, has selected the company to provide mutual fund operating services, including accounting and sub-administration services for its 24 funds. SEI also provides Constellation with business and compliance intelligence.
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"Our relationship with SEI enables us to concentrate on distribution and fund management. Particularly for a relatively new firm like ours, that focus is vital," said John Grady, President and Chief Executive Officer of Constellation Funds Group.
Grady added, "I had first-hand knowledge of SEI's service model and approach to this business over a number of years. That gave us the comfort level we needed when selecting a firm to assist us in performing these critical operating functions for the funds." Grady cited SEI's business and compliance expertise as an important component of its service mix, noting that Constellation has been a participant in the Knowledge Partnership and ComplianceAdvantage programs launched by SEI earlier this year.
"SEI is proud to add this new business partnership to its distinguished list of client partners," said Steve Meyer, head of SEI's Investment Manager Business. "This win is another sign of the continued market acceptance of our strengths and business solutions designed to help investment managers."