SEI announced today that it has been selected by Monsoon Capital, a U.S.-based alternative asset manager focusing on emerging markets, to provide full fund administration and trustee and custodial services for the firm’s UCITS IV fund.
Given Monsoon’s systematic and quantitative trading approach, SEI’s technology, which delivers a straight-through, automated process for trade reconciliation, was a key factor in the manager’s decision to select SEI. Monsoon will also receive comprehensive data management, performance, and risk reporting via SEI’s Manager Dashboard. The online tool provides Monsoon with the flexibility to tailor reporting to better support the firm’s unique business decision-making process.
SEI’s comprehensive outsourcing solution encompasses fund administration, accounting, investor servicing, and Irish trustee and custody services. SEI’s systems provide aggregated views of data across multiple product lines from the fund or portfolio level down to the investment security level, and are accessible 24/7 via the web. The scalability and adaptability of SEI’s solutions allow for the long-term, consistent support of Monsoon’s requirements as they evolve.
Philip Masterson, Senior Vice President and Head of Business Development, Europe, within SEI’s Investment Manager Services division, commented:
“SEI has the technology, expertise, and track record to support high-frequency trading in a controlled environment, thereby reducing managers’ business risks. Some clients’ trading volume reaches peaks of 120,000 trades a day, and Monsoon found our process compelling. By providing automated and scalable technology from trade entry through back-end reconciliation, we enable Monsoon to focus on managing investments and creating a better experience for its investors.”
Gautam Prakash, Founder and Senior Managing Director of Monsoon Capital, added:
“SEI stood out for us as a strong partner due to its independence as an administrator, the quality of its technology, and its ability to provide flexible and tailored reporting to support our specific needs. We very much look forward to working with SEI as we continue to grow our asset base and add new alternative strategies in the UCITS format.”
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 http://www.seic.com/enME/investment-managers.htm .
About SEI 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 http://www.seic.com/enME/index.htm .
About Monsoon Capital Founded in 2004, Monsoon Capital is an alternative asset manager focused on emerging markets, primarily Asia and India. The firm manages absolute return, long-only, and real estate investment strategies. Monsoon Capital is based in Bethesda, Maryland, USA.