Hedge Fund Picks SEI as Partner in Outsourcing
Friday, January 12, 2007 : PermalinkHedgeCo.Net (New York) - Rock Ridge Advisors has selected SEI to provide a operational outsourcing solutions for its hedge funds. SEI was selected in a competitiveevaluation process among some of the most notable providers in the industry. The company’s combination of deep industry expertise, advanced capabilities, robust infrastructure, and innovativetechnology were pointed to as key differentiators in the selection process.
“To be a successful investor in today’s evolving markets we recognize the need to implement an efficient and innovative investment process with solid operational expertise,” said Woody Jay, RockRidge’s Co-managing Partner. The deal points to an industry trend as investors continue to push hedge funds to seek out larger institutional partners amid increased competition and regulatoryscrutiny.
“As the hedge fund sector becomes more competitive and investor driven, the selection of an outsourcing partner becomes even more critical,” said John Alshefski, head of Business Development forSEI’s Investment Manager Services division. “We’re seeing hedge fund clients looking for larger institutional partners with broad capabilities, resources and credibility. We’re excited to partnerwith Rock Ridge Advisors as they look to grow their funds and provide new levels of service to their investors.”
Rock Ridge Advisors is a Greenwich, CT.-based hedge fund managed by Woody Jay and Brian Pennington. Rock Ridge Advisors launched the Rock Ridge Funds eighteen months ago with $75 million in assets, and is growing rapidly, currently managing approximately $300 million for institutional clients.
Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net
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