Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

2130

SEI to provide outsourcing services for Montag & Caldwell Ucits fund

RELATED TOPICS​

SEI has been selected by US-based equity manager Montag & Caldwell to provide outsourcing services for the firm’s newly formed Ucits fund.

SEI has been selected by US-based equity manager Montag & Caldwell to provide outsourcing services for the firm’s newly formed Ucits fund.

The Ucits directive is a ‘passport’ system that allows managers to operate throughout European Union member nations under a uniform regulatory framework.

Under the terms of the agreement, SEI will provide administration, accounting and investor servicing, as well as the Irish trustee and custodial services to Montag & Caldwell’s US Equity Large Cap Growth fund.

‘SEI’s experience and scalability were critical for us as we sought an outsourcing partner,’ says George Northrop, vice president of Montag & Caldwell. ‘We had established some good name recognition in the European market as sub-advisor to a similarly managed fund of our former parent company, ABN Amro. As we looked to establish our own fund, we needed someone that could help us set up quickly, cost effectively, and offer a truly integrated solution. We look forward to partnering with SEI on this and future initiatives.’

John Alshefski, senior vice president and managing director for SEI’s investment manager services division, adds: ‘We are seeing more and more managers looking to Ucits as a means of achieving broad European distribution. They are a terrific vehicle for distribution expansion, but firms must also understand the infrastructure and regulatory implications in order to successfully utilise them. We are pleased to help lead Montag & Caldwell through this important new expansion for their business.’

Latest News

The trading and investment platform eToro has extended its proxy voting feature to all stocks..
C8 Technologies, the London-based fintech founded by former BlueCrest Capital Management partners Mattias Eriksson and..
DWS has announced the latest development in its strategic growth push in Alternative Credit with..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by