Hedge Fund News From HedgeCo.Net

SEI Announces Board Members for Alternative Strategy-Focused Advisors’ Inner Circle Series Trust

New York (HedgeCo.Net) – SEI (NASDAQ: SEIC) announced today four independent board members for itsrecently-launched new series trust, The Advisors’ Inner Circle Fund® (AIC) III, which addresses the rising demand for alternative strategies packaged as mutual funds. The board members, Jon Hunt, Terry Jones, Tom Lemke, and Randy Yanker, offer more than 110 combined years of hands-on experience in the financial services sector. They will provide the unique expertise needed to effectively oversee funds advised by managers using alternative strategies in the regulated U.S. mutual funds construct.

SEI’s Investment Manager Services division, a global supplier of customized operating infrastructure and services to investment organizations representing more than $13 trillion in assets under management, introduced its Advisors’ Inner Circle platform nearly 25 years ago. The platform, which now holds over $35 billion in assets under management, launched its third series trust, AIC III, to provide managers with a comprehensive turnkey solution for the operations of a variety of mutual funds. AIC III combines the breadth of SEI’s series trust platform and the company’s extensive background in alternative investment servicing with a new fund board comprised of independent board members experienced in the alternative investment industry. AIC III accommodates sophisticated alternative strategies offered by U.S. and non-U.S. managers seeking to enter the regulated U.S. market, but who don’t wish to set up their own infrastructure.

“A growing number of private fund managers have the desire, but not necessarily the operational expertise or distribution knowledge, to enter the registered liquid alternatives space. Our goal was to bring together independent board members with knowledge of the asset management industry as a whole while also having deep expertise working specifically with alts,” saidJohn Alshefski, Senior Vice President of SEI’sInvestment Manager Services division. “With the vast amount of resources available in this trust, along with this group of seasoned, diverse board members, we believe we’ve accomplished that goal. Managers looking to diversify their revenue streams and package their strategies for the retail marketplace should feel very confident that this series trust offers them an exceptional opportunity to hit the ground running.”

By HedgeCo.Net

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership in HedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in HedgeCo News. Bookmark the permalink.

Leave a Reply