Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. SEI to provide back-office solution for ORIX hedge fund
Latest news
SEI to provide back-office solution for ORIX hedge fund
25 May 2012 Pennsylvania
Reporter: Georgina Lavers

Image: Shutterstock
SEI has been selected by ORIX Investment Corporation (OIC) to provide a complete back- and middle-office outsourcing solution for the firm's hedge-fund business.

Under the agreement, SEI will provide OIC with a full range of middle- and back-office services including fund accounting and administration, trade processing and administration, investment accounting, investor reporting, risk and attribution, and collateral-management services.

SEI will provide its services in a straight-through processing environment with an automatic reconciliation tool designed specifically for reconciling high transaction volumes with CTAs and brokerage firms.

"Having worked with SEI in the past, we know their technology and service are second to none and that made this decision easy," said Yuji Takenaga, senior vice president of OIC.

"Managers are increasingly becoming more comfortable in outsourcing key middle-office functions to us as they realize how our technology and operational best practices can drive automation, reduce risk, and enable greater transparency," said Philip Masterson, senior vice president and managing director, SEI's Investment Manager Services division.
← Previous latest article

Guernsey funds grow by £8.7 billion
Next latest article →

Linedata hooks onto Jersey
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today