SEI, a global provider of outsourced asset management, investment processing and investment operations solutions, has announced that it has expanded the workflow processes and capabilities associated with its hedge fund outsourcing services. The company said that it aims to improve transparency, automation and controls, and operational risk reporting. It said that the enhancements are designed to assist hedge fund managers to meet the demand for transparency, risk mitigation, and daily reporting.
The company claimed that the workflow automates the middle- and back-office functions of hedge fund operations and allows SEI to provide daily pricing and valuation services, profit and loss, as well as daily net asset values down to the investor level. Additionally the benefits include: increasing operational transparency; creating a paperless operational process; improving communication between the investment manager and SEI; facilitating operational risk management by capturing audit trails and streamlining the annual audit process by creating easily-searchable indexed and archived records.
Steve Meyer, Executive Vice President, SEI and Head of SEI’s Investment Manager Services division, said: “Our technology systems and processes provide managers with a daily reporting environment that can enhance their decision making and analytics, as well as provide their clients with a greater level of transparency, which is an absolute requirement in today’s world. Our ongoing investments in workflow automation have us well positioned to help our clients face these new market realities.”
