September 23, 2014 09:30 ET

SEI Adds Hedge Fund Specialist to Support Growth in Institutional Outsourcing Business

New Role Supports Commitment to Alternative Solution for Institutional Clients

OAKS, PA--(Marketwired - Sep 23, 2014) - SEI (NASDAQ: SEIC) today announced the addition of Andrew Daly, CFA to its U.S. Institutional Advisory Team. Daly serves as a Client Investment Strategist and is responsible for working with SEI's Institutional retirement, foundation, endowment, and healthcare clients on their alternative portfolio strategies, providing strategic advice on various investment vehicles for their unique goals and objectives. The role is new to the Advisory Team and was created to support the expansion of SEI's alternatives solution for its investment outsourcing business. SEI currently has more than 475 institutional outsourcing clients worldwide, representing $74.1 billion in assets under management.*

"As SEI's investment outsourcing business continues to grow, we are dedicated to providing our institutional clients with the necessary resources to achieve optimal portfolio diversification and sophistication with a wide array of products from industry-leading investment managers," said Al Pierce, Managing Director of the Advisory Team, SEI's Institutional Group. "Andrew's impressive background makes him uniquely qualified to work with our clients on their alternative holdings in both SEI comingled vehicles and customized separate accounts."

Daly brings to his role more than 15 years of investment expertise in working with institutional investors of all sizes and markets on their alternative investment strategies. Prior to joining SEI, he was a Managing Director and Partner with Mill Creek Capital Advisors, LLC. In that role, Daly managed the alternative investment program from the firm's inception, which consisted of hedge fund of funds and private equity partnerships. Prior to that role, he held management positions at The Radcliffe Group and Hirtle Callaghan & Co. Daly is a CFA Charterholder.

SEI prides itself on attracting the industry's best talent and is widely recognized as one of the industry's best places to work. The company was named one of Pensions & Investments' "Best Places to Work in Money Management" in both 2012 and 2013 and selected SEI as a "Top Workplace of 2014."

*As of June 30, 2014.

About SEI's Institutional Group
SEI's Institutional Group is one of the first and largest global providers of outsourced fiduciary management investment services. The company began offering these services in 1992 and today acts as a fiduciary manager to more than 450 retirement, nonprofit and healthcare clients in seven different countries. Through a flexible model designed to help our clients achieve financial goals, we provide asset allocation advice and modeling, investment management, risk monitoring and stress testing, active liability-focused investing and integrated goals-based reporting. For more information visit:

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of June 30, 2014, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $602 billion in mutual fund and pooled or separately managed assets, including $249 billion in assets under management and $353 billion in client assets under administration. For more information, visit

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