UK - The AEP Energy Services Generation pension fund has awarded a £30m global equity mandate to manager-of-managers SEI.
AEP offers business services to the energy industry.
AEP Energy Services director of human resources Paul Harrop said: “We considered all the various options available for the management of our UK pension plan and found the concept of outsourcing the selection and monitoring of fund managers attractive.”
“We were impressed by SEI’s approach, its process and, in particular, the depth of its research.”
SEI head of institutional client service Nigel Down said: “We won this business by demonstrating the benefits of SEI’s approach and by showing we can provide the best implementation of amanager-of-managers solution.”
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