Business Services Industry
News: Three back SEI for multi-management.(Brief Article)
Financial Times Mandate, March, 2004
SEI has won three multi-manager mandates worth GBP26m (e38m) from different distribution channels.
The largest is a GBP17.5m global equity mandate from Printpack Pension Scheme, a US flexible packaging firm.
David Kenny, chairman of the trustees at Printpack, said it picked SEI because of the team's experience and track record: "We chose a manager of managers approach because it will provide our pension fund with access to the best asset managers around the globe within a risk controlled process."
SEI has also won a $4m brief from St Paul's Schools, a client of Barnett Waddingham, the pension consultant that selected SEI as its preferred manager in 2002.
The third win is a GBP4.5m multi-asset mandate from TQ, a global provider of...
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