SEI (NASDAQ: SEIC) announced today that it has been selected by Asset Value Investors (AVI) to provide full fund administration and trustee and custodial services for the investment manager's new Irish Qualified Investment Funds (QIFs).
AVI, a London-based global manager, launched the QIFs to offer its investors a regulated product while still being able to maintain the flexibility of its investment strategies.
Among the key reasons AVI selected SEI was the company's Manager Dashboard technology, which provides both aggregated and detailed views of data across multiple product lines via a secure website. The Manager Dashboard also provides AVI with analytical tools to enhance its decision-making process. Additionally, SEI's Investor Dashboard technology makes it easier for AVI to provide flexible, transparent, and institutional-quality investor reporting through a secure website. SEI's expertise in servicing QIFs, along with the company's global presence and brand, were also attractive to AVI.
SEI's comprehensive outsourcing solution encompasses fund administration, accounting, investor servicing, and Irish trustee and custody services. The scalability and adaptability of SEI's solutions allow for the long-term, consistent support of AVI's requirements as the manager diversifies its product line-up and investor base.
Philip Masterson, Senior Vice President and Head of Business Development, Europe, within SEI's Investment Manager Services division, commented: "AVI is a well-established organisation that has been successfully managing funds for over 25 years. Its business has thrived because it has been able to anticipate and adapt to market needs. In this 'Era of the Investor,' investors are demanding greater transparency and better reporting, and we have designed our solutions to meet those needs. We're pleased to be able to support AVI's future growth and provide a strong foundation on which to diversify the firm's portfolios."
Kimmberly Lau, Business Development Director of Asset Value Investors, added: "SEI's global presence, technology, and scalability were critical for us as we sought an independent administrator. We wanted a strategic partner with the expertise, technology, and foresight to help us create a better experience for our investors while also helping us gain efficiencies. We're pleased that SEI will be filling that role."