UK - SEI Investments has increased its institutional assets under management by more than 50% in the first half of the year.
The rise is a result of the manager-of-managers’ European institutional team winning a record 12 mandates, totalling £500m in new assets.
The mandate wins include the University of Bristol Pension and Assurance Scheme, Yorkshire Copper, Printpack and the Diamond Trading Company.SEI said that in addition to winning mandates through IFA recommendations or investment consultants, it also went direct to pension plans and clinched briefs through its tie-ups with consultants Barnett Waddingham, Heath Lambert and Deloitte & Touche.
SEI head of institutional business Patrick Disney said: “As our achievements this year reflect, manager-of-managers is increasingly becoming more a mainstream than a niche option for funds searching for an alternative to the traditional method of fund management.
“While many industry commentators suggest that the solution is most appropriate to smaller funds, we are seeing increasing interest from all sizes of fund searching for a process which will meet their objectives.
“The trend towards manager-of-managers is moving at a fast rate and we look forward to announcing further successes in the near future.”
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?
RPMI Railpen is in the next step in the journey towards achieving cost disclosure. Victoria Bell tells Stephanie Baxter about taking part in the Cost Transparency Initiative's pilot phase
Interserve's numerous defined benefit (DB) schemes have retained a sponsor link after the company entered into administration and was sold.
Chris Hannon has been named chairman of the Railways Pensions Trustee Company after a unanimous vote of approval from its board last week.