SEI has expanded its Enhanced Chief Investment Officer (CIO) offering to institutional investors to provide firms with operational and investment management support.
The platform will offer institutional investors services including fund administration, development of investment operating platforms and non-fiduciary investment management services to bolster institutional asset owners' overall infrastructure.
SEI's Enhanced CIO service is for institutional investors that have made a strategic decision to insource investment management.
It provides services such as aggregating and reconciling portfolio data, asset allocation studies, risk management, detailed manager due diligence reports and consolidating performance reporting across all asset classes.
Paul Klauder, head of SEI's Institutional Group and executive vice president, said: "We can provide custom operational and reporting support, while also providing access to risk management tools, asset allocation analysis and manager due diligence reports. This type of comprehensive offering is not common and we believe there is no firm better positioned to offer this range of capabilities to institutional investors."
Kevin Matthews, vice president, strategic growth initiatives, SEI's Institutional Group, commented: "Institutional investors that have decided to manage investments in-house still face significant operational and oversight challenges which SEI's Enhanced CIO helps address and allows their staff to focus their attention on managing the portfolios.”
"The end benefit is that in-house investment resources can leverage an infrastructure that can be more efficient, accurate, cost-effective and transparent."
