SEI Investments Company has been appointed to provide operational support services for Irish-registered undertakings for Collective Investment in Transferable Securities (UCITS) Fund of Iridian Asset Management.
Under this partnership, SEI’s investment manager services arm will offer fund administration, accounting, investor servicing, and Irish trustee and custody services to Iridian to expand its services beyond the US.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Iridian director of marketing and client service Colin Morris said that when the company decided to launch its US equity fund in multiple non-US markets, it sought a single, strategic outsourcing partner with the experience and solutions necessary to meet its diverse needs.
"The UCITS structure was a critical part of the decision, but it ultimately came down to SEI’s proven platform and expertise across fund strategies and structures."
"SEI gave us a single platform that will quickly bring our funds to market in Europe without having to build out our own back-office processes. We look forward to partnering with SEI on this and future initiatives," added Morris.
Currently, managing assets of over $11bn for institutional investors, Iridian is keen to expand to the US Defined Contribution retirement plan market and offer Collective Investment Trust (CITs) products in collaboration with SEI Trust Company.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataSEI’s Investment Manager Services division senior vice president John Alshefski said: "Iridian is a good example of a successful manager casting a wider net by focusing on a strategy and then distributing it in multiple channels. By turning to UCITS, Iridian is extending its strategies throughout Europe."
