UK - Heath Lambert Consulting has signed a distribution deal with SEI Investments to become its preferred manager-of-managers provider.
The consultant says the manager-of-managers approach offers many benefits to schemes, particularly in the post-Myners environment.
HLC chairman John Crisford said: “Having looked at what other providers in the manager-of-managers’ sector in the UK are able to offer, SEI was selected as our preferred provider. In our view, SEI is the best implementer of the manager-of-managers approach because of its independence, global reach, disciplined process and depth of research.”
SEI head of institutional distribution Alan Lauder said: “Establishing distribution relationships with consultants in the UK is a key part of SEI’s strategy and the link-up with HLC is the third institutional relationship established by SEI since launch in the UK in 2000.
“HLC has taken the decision to avoid the potential conflict of interest in the UK by outsourcing to an independent manager-of-managers, rather than extending its business model to include it.”
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