SOURCE: SEI

SEI

February 06, 2012 09:00 ET

SEI Selected by Asset Value Investors to Provide Fund Outsourcing Services

Firm Leverages SEI's Expertise to Assist in Expanding Its European Reach

OAKS, PA--(Marketwire - Feb 6, 2012) - 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 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."

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 December 31, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $404 billion in mutual fund and pooled or separately managed assets, including $172 billion in assets under management and $232 billion in client assets under administration. For more information, visit www.seic.com.

About AVI
Asset Value Investors (AVI) is an employee owned asset management company with over $2.6 billion in assets under management. Their primary goal is to achieve the long-term growth of their client's capital through the management of a global stock portfolio. They strive to be a premier investment firm providing consistently superior performance by identifying valuation anomalies and focusing on investing where the market price does not reflect the estimated intrinsic value. Its distinct value oriented and low risk investment approach, which has been in place for nearly 25 years, is to find undiscovered value among high quality assets.