SOURCE: SEI

SEI

December 20, 2011 09:00 ET

SEI Introduces Form PF Reporting Services

Designed to Assist SEC-Registered Investment Advisers of Private Funds in Meeting Form PF Obligations

OAKS, PA--(Marketwire - Dec 20, 2011) - SEI (NASDAQ: SEIC) today unveiled a new service that assists SEC-registered investment advisers of private funds in meeting their Form PF obligations. Form PF was recently jointly adopted by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It requires SEC-registered advisers to hedge funds and other private funds with at least $150 million in private fund assets under management to report information to the Financial Stability Oversight Council (FSOC) to enable the FSOC to monitor risk to the U.S. financial system.

Having worked closely with industry consultants and after performing considerable analysis, SEI has developed a new service designed to help private fund managers minimize the time and costs involved in satisfying the voluminous disclosure requirements demanded by Form PF. SEI maintains a large portion of the core portfolio-related information to be reported on Form PF, including position and transaction level data. Depending on the investment manager's legal structure, strategies, complexity, and other requirements, SEI's solution ranges from data management and transmission to data aggregation and reporting.

"Form PF calls for a level of disclosure that is unprecedented in the private funds industry. Although Form PF is legally complex and operationally challenging, SEI's robust multi-asset class data management process, pulling from multiple accounting engines, will help private fund managers deliver accurate and properly aggregated data to the regulators," stated Phil McCabe, Senior Vice President and Solution Head, SEI's Investment Manager Services division.

While the required data can be produced in a Form PF template to accommodate the regulators' specific requirements, the data will also be available to SEI's clients via its proprietary Manager Dashboard reporting tool for additional analysis and retention.

SEI's Form PF service offering is available to all of its investment manager services clients.

About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to support investment managers globally across a range of registered and unregistered fund structures, diverse investment strategies and jurisdictions. With expertise covering traditional and alternative investment vehicles, the division applies customized operating services, industry-leading technologies, and practical business and regulatory insights to each client's business objectives. SEI's resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recently recognized by the Money Management Institute as "Service Provider of the Year," by Buy-Side Technology as "Best Fund Administrator" and by HFMWeek as "Best Single Manager Hedge Fund Administrator (Over $30B AUA-US)," and "Best Funds of Hedge Funds Administrator (Over $30B AUA-Europe)." For more information, visit www.seic.com/ims.

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of September 30, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $395 billion in mutual fund and pooled assets or separately managed assets, including $162 billion in assets under management and $233 billion in client assets under administration. For more information, visit www.seic.com.