Tag Archives: C8 Investments

SEI Selected by C8 Investments to Provide Hedge Fund Operations Outsourcing

SEI’s Daily Reconciliation Technology and Automated Trading Capabilities Key Factors in Decision

DUBAI, UNITED ARAB EMIRATES–(Marketwire – September 12, 2012) – SEI (NASDAQ: SEIC) today announced that it has been selected by C8 Investments to provide operational outsourcing services for the firm’s recently launched hedge fund. Created by a team of proven industry veterans, C8 sought an outsourcing partner with the ability to support automated trading and provide daily reconciliation to support and scale with the firm’s systematic trading strategies. This is the latest in a series of outsourcing wins for SEI as more investment managers seek platform providers that can afford them greater control and oversight of their assets along with the transparency and support to make better decisions and mitigate risk while enhancing the investor experience.

SEI will provide C8 with a comprehensive suite of back-office services including fund accounting, fund administration, and investor servicing. SEI will provide its services in a straight-through-processing environment with an automatic reconciliation tool designed to support high-volume trading. C8 will utilize SEI’s Manager Dashboard reporting platform to gain flexible, transparent, and aggregated views of its portfolio data, while SEI’s Investor Dashboard will facilitate greater communication and transparency with investors.

“With plans to rapidly expand our business in Europe and then to the U.S. and Asia, having an outsourcing partner like SEI with global expertise, a global reputation, and the technical ability to support our trading strategy is a tremendous asset to our business and our investors,” said Anton Varnäs, Principal at C8 Investments. “Not only were we impressed with their technology and their infrastructure, but it was clear that they fully understood, and can support, the high quality of service we intend to deliver to our investors and our long-term vision for the company. They are the right partner for us today and with their proven innovative solutions, we feel comfortable knowing they have the ability and the expertise to scale with us as we grow.”

“C8 was created by a team of well-regarded industry veterans with a proven track record with institutional investors and they needed a partner with a robust institutional-quality operational infrastructure at day one,” said Philip Masterson, Senior Vice President and Managing Director, SEI’s Investment Manager Services division. “Not only have we built a strong operational platform that can support their fast-paced and complex strategies, but we also have innovative tools like our Manager Dashboard to give C8 deeper business insights to better enable their daily decision making. We’re excited to partner with C8 Investments to help them attract more clients and provide them the support and tools necessary to expand their business globally.”

About SEI’s Investment Manager Services Division
SEI’s Investment Manager Services division provides comprehensive operational outsourcing solutions to support investment managers globally across a range of registered and unregistered fund structures, diverse investment strategies and jurisdictions. With expertise covering traditional and alternative investment vehicles, the division applies customized operating services, industry-leading technologies, and practical business and regulatory insights to each client’s business objectives. SEI’s resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recently recognized by Buy-Side Technology as “Best Fund Administrator,” by Hedge Funds World Middle East as “Best Service Provider,” by Global Investor as “Hedge Fund Administrator of the Year,” and by HFMWeek as “Best Single Manager Hedge Fund Administrator (Over $30B AUA)” in the U.S. and “Best Administrator – Technology Provider” in Europe. For more information, visit http://www.seic.com/enME/investment-managers.htm.

About SEI
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 June 30, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $424 billion in mutual fund and pooled or separately managed assets, including $182 billion in assets under management and $242 billion in client assets under administration. For more information, visit http://www.seic.com/enME/index.htm.

About C8 Investments
C8 Investments Ltd is a systematic multi strategy investment manager. It aims to generate attractive risk adjusted returns for investors through the systematic implementation of models trading a range of liquid equities, commodities, FX and debt instruments. The firm was founded by Mattias Eriksson and Anton Varnäs in May 2012. C8 Investments Ltd is a limited liability company registered in Malta with registration number C56385 and licensed by the Malta Financial Services Authority (“MFSA”).

Services provided by SEI Investments – Global Fund Services Limited (Reg. in Dublin No. 242309), SEI Investments Trustee & Custodial Services (Ireland) Limited (Reg. in Dublin No. 315393), and their affiliates, which are all wholly owned subsidiaries of SEI Investments Company. SEI Investments – Global Fund Services Limited and SEI Investments Trustee & Custodial Services (Ireland) Limited (Styne House, Upper Hatch Street, Dublin 2, Ireland) are authorized by the Central Bank of Ireland under the Investment Intermediaries Act of 1995.

This material is not directed to any persons where (by reason of that person’s nationality, residence or otherwise) the publication or availability of this material is prohibited. Persons in respect of whom such prohibitions apply must not rely on this information in any respect whatsoever.

Company Contact:
Dana Grosser
SEI
+1 610-676-2459
dgrosser@seic.com

Media Contact:
Paul Young / Renny Popoola
MHP Communications
+44 020 3128 8100
SEIIMS@mhpc.com