Knights of Columbus Selects SEI's Series Trust as Turnkey Operating Platform for New Mutual Fund Family
Advisors' Inner Circle Fund to Help Accelerate Growth of Newly Launched Fund Family
(firmenpresse) - OAKS, PA -- (Marketwired) -- 06/29/15 -- SEI's Advisors' Inner Circle Fund® (AIC) III has been selected by Knights of Columbus Asset Advisors, the investment arm of Knights of Columbus, one of the top-rated insurance companies in the U.S., as the turnkey operating structure for a new family of six mutual funds designed specifically for Catholic institutional investors. Through its Investment Manager Services (IMS) division, SEI (NASDAQ: SEIC) supplies customized operating infrastructure and services to investment organizations around the world.
SEI helped pioneer the series trust concept over 20 years ago, introducing Advisors' Inner Circle Fund as an institutional-quality turnkey mutual fund operating platform in 1991. The AIC series trust enables investment organizations to rapidly launch and grow mutual funds without having to build their own operating infrastructure. The solution is also designed for asset managers seeking a more cost-effective way to operate existing funds.
"After an extensive search, we chose SEI because we were impressed by the knowledge of its team and the capabilities of the AIC platform," said Anthony Minopoli, President and Chief Investment Officer of Knights of Columbus Asset Advisors. "The series trust's comprehensive outsourcing model will enable us to get our new mutual funds up and running quickly."
The six mutual funds are managed by the same in-house investment team responsible for investing the more than $22 billion in assets of the Knights of Columbus insurance parent company. The mutual funds include Core Bond, Limited Duration Bond, Large Cap Growth, Large Cap Value, Small Cap Equity, and International Equity funds. The investment team will initially utilize the funds to build customized model portfolios that offer diversification and a range of risk/reward scenarios to faith-based organizations.
"We're pleased to provide the Knights of Columbus with an efficient and flexible way to offer investment solutions tailored to the needs of faith-based organizations as well as individual investors," said John Alshefski, Senior Vice President and Managing Director of SEI's Investment Manager Services division. "We are honored to partner with a company that maintains such high standards for its operating infrastructure."
The AIC platform provides a comprehensive operating structure and service solution, including an independent board of trustees and scalable infrastructure encompassing fund administration, accounting, investor servicing, and distribution services. Since its inception, the platform has grown to represent more than $42 billion in fund assets across 129 mutual funds on behalf of 40 investment advisors.
Investment Manager Services supplies investment organizations of all types with advanced operating infrastructure they must have to evolve and compete in a landscape of escalating business challenges. SEI's award-winning global operating platform provides asset managers with customized and integrated capabilities across multiple investment vehicles, strategies, and jurisdictions. Our services enable investment managers to gain scale and efficiency, keep pace with marketplace demands, and run their businesses more strategically. SEI presently partners with more than 300 traditional, alternative and sovereign wealth managers representing $15.3 trillion in assets, including 32 of the top 100 managers worldwide. For more information, visit .
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2015, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $648 billion in mutual fund and pooled or separately managed assets, including $258 billion in assets under management and $390 billion in client assets under administration. For more information, visit .
With more than 1.8 million members worldwide, the Knights of Columbus has earned A.M. Best's top rating of A++ (Superior) for financial strength for 39 consecutive years. The Knights of Columbus has also been listed as a World's Most Ethical Company by the Ethisphere® Institute.
Knights of Columbus Asset Advisors is the investment arm and wholly-owned subsidiary of Knights of Columbus. More information is available at .
There are risks involved in investing including the loss of principal.
SEI Investments Distribution Company (SIDCO) is distributor of the funds.
Dana Grosser
SEI
+1 610-676-2459
Julia Watts
ProsekPartners
+1 212-279-3115
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Datum: 29.06.2015 - 13:00 Uhr
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