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SEI adds USD3.5bn in new OCIO assets in six months

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SEI has reported continued growth in its institutional outsourced chief investment officer (OCIO) business with the addition of 14 new clients with USD3.5 billion in new global institutional assets over Q4 2017 and Q1 2018.

Some of the new clients added during that timeframe include Harsco Corporation, DexYP, Buckner Foundation, Inc, Redlands Community Hospital, Redlands Community Hospital Foundation and UFCW Local 1500 Pension & Welfare Funds.
 
“The variety of these new clients highlights the appeal and adoption of the OCIO model across numerous types of institutional investors,” says Paul Klauder, Executive Vice President of SEI and Head of SEI’s Institutional Group. “We believe our decades of experience as an OCIO and our success in delivering innovative strategies and custom implementation continues to set SEI apart from our competition and drives this consistent growth.”
 
SEI now manages more than USD92.5 billion in assets in the company’s OCIO program and has more than 480 clients worldwide. Over SEI’s 25 years of experience as an OCIO, the company has invested significantly in an infrastructure to support a flexible, inventive and results oriented OCIO program that can be customised to continuously meet the investment governance and risk management needs of clients.
   
“SEI has been providing OCIO services for a very long time and we have successfully navigated through the maturation points in scaling and continuing to grow the business,” says Michael Cagnina, Vice President and Managing Director, SEI’s Institutional Group. “Many OCIO providers are relatively new to providing these services and are yet to face some of those challenges. We feel our significant experience and overall credentials give our current and future clients significant confidence in choosing SEI as their OCIO partner.”

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