TORONTO, Aug. 9, 2019 /CNW/ -- SEI Investments
Canada Company (SEI Canada), a wholly-owned subsidiary of SEI
Investments Company (NASDAQ: SEIC), today announced the removal of
Hillsdale Investment Management Inc.'s (Hillsdale) value momentum strategy from the
Canadian Equity Fund.
"We are restructuring the Canadian Equity Fund to enhance return
exposure and focus on portfolio sub-advisors whose strategies more
directly align with SEI's investment framework," said Kevin Barr, Head of the Investment Management
Unit at SEI. "Hillsdale remains as
a portfolio sub-advisor, implementing its Canadian momentum
strategy within our Canadian Equity Fund. We remain confident in
Hillsdale's ability."
About SEI Canada
SEI founded its Canadian business in
1983, pioneering innovative asset management techniques for
institutional investors. Today, SEI offers integrated investment
management and strategic advice solutions to help institutional
investors achieve their organizational goals and fulfill fiduciary
responsibilities. Capitalizing on its investment expertise, SEI
began offering investment solutions to retail investors through
investment advisors in 1994. The investment approach provides
multi-manager, globally diversified strategies with an appropriate
home-country bias for Canadian retail investors. SEI's goals-based
strategies, strategic asset allocation strategies and asset class
funds are available through select dealer relationships. For more
information, visit seic.com/en-CA.
About SEI
After 50 years in business, SEI
(NASDAQ:SEIC) remains a leading global provider of investment
processing, investment management, and investment operations
solutions that help corporations, financial institutions, financial
advisors, and ultra-high-net-worth families create and manage
wealth. As of June 30, 2019, through
its subsidiaries and partnerships in which the company has a
significant interest, SEI manages, advises or administers
$970 billion in hedge, private
equity, mutual fund and pooled or separately managed assets,
including $335 billion in assets
under management and $630 billion in
client assets under administration. For more information, visit
seic.com.
SEI Investments Canada Company, a wholly owned subsidiary of
SEI Investments Company, is the Manager of the SEI Funds in
Canada.
The information contained herein is for general and
educational information purposes only and is not intended to
constitute legal, tax, accounting, securities, research or
investment advice regarding the Funds or any security in
particular, nor an opinion regarding the appropriateness of any
investment. This information should not be construed as a
recommendation to purchase or sell a security, derivative or
futures contract. You should not act or rely on the information
contained herein without obtaining specific legal, tax, accounting
and investment advice from an investment professional.
There are risks involved with investing, including loss of
principal. In addition to the normal risks associated with
investing, international investments may involve risk of capital
loss from unfavourable fluctuation in currency values, from
differences in generally accepted accounting principles or from
economic or political instability in other nations.
Commissions, trailing commissions, management fees and
expenses all may be associated with mutual fund investments. Please
read the prospectus before investing. Mutual funds are not
guaranteed, their values change frequently and past performance may
not be repeated.
Company/Media
Contact:
Leslie
Wojcik
SEI
+1
610-676-4191
lwojcik@seic.com
SOURCE SEI