Barnett Waddingham picks SEI for multi-manager offer.

Financial News, October, 2002

Consultant Barnett Waddingham is to offer its clients the option to use multi-manager services through sector specialist SEI.Barnett's clients can continue to draw on Barnett's investment expertise to develop a bespoke service. But the consultant believes that the time is right to put forward multi-manager as an alternative.

Partner Colin Richardson says: "Our research suggests that the manager-of-managers approach has many attractions, particularly in the post-Myners environment. Having thoroughly researched the market, SEI was selected as our preferred provider."

Barnett clients currently have pound sterling6bn ([euro]9.5bn) under management. Analysts says that smaller clients using a single balanced management are likely to take a view on the...

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