UK - SEI Investments has notched up mandate wins worth more than £1bn from 30 pension fund clients in the UK, since its launch three years ago.
SEI’s clients include The Diamond Trading Company (DTC), which awarded the investment managers a £117m UK and global equity mandate, and the University of Bristol Pension and Assurance Scheme, a £100m multi-asset mandate.
Patrick Disney (pictured), head of institutional business, said: “Breaking the £1bn mark in institutional mandate wins is a significant achievement for us. Our success in establishing SEI as a major player in the UK manager-of-managers market in three years can be attributed to the strength of our solution, process and people.
“The manager-of-managers strategy has been gaining popularity in recent years amongst investors that want to reduce their investment risk and aim for more predictable returns. Traditionally manager-of-managers has appealed mostly to smaller pension funds, but increasingly we are seeing more attention from large schemes. In 2003 we saw a consistent growing interest, and we hope to continue building upon this in 2004.”
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