SEI, a provider of investment processing, fund processing, and investment management business outsourcing solutions, has extended its outsourcing relationship with Edgewood Management LLC.
Edgewood’s investment products will include institutional, private client, and retail separate accounts.
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Additionally, SEI will provide a full suite of fund services including distribution for Edgewood’s large cap mutual fund through Advisors’ Inner Circle Fund, SEI’s turnkey mutual fund series trust solution.
SEI said, the Advisors’ Inner Circle Fund provides investment managers an independent and well-established board of trustees, a complete compliance program, quicker access to mutual fund platforms across all key distribution channels, and lower operating costs.
Edgewood benefits from SEI’s separate accounts platform that interfaces with over 100 custodians and its proprietary workflow technology and document management system, which helps automate tasks, increase standardization, and improve transparency.
Edgewood president, Alan Breed, said: "SEI has been a true business partner over the years, supporting us and working diligently to help us find efficiencies, increase automation, and gain insights into both our business activity and the investment management industry at large."
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By GlobalDataEdgewood’s relationship with SEI, which began in 2006, has seen more than doubled assets under management in its large cap mutual fund since 2009.
