PR Newswire -- July 13, 2010 - SOMERSET, Bermuda, July 13, 2010 /PRNewswire/ -- SEI (NASDAQ:SEIC), one of the leading global providers of outsourced asset management, investment processing and investment operations solutions, has selected financial software specialist Comada to enhance the risk management services that will be delivered to the company's investment manager clients via SEI's Total Liquidity Management(TM) tool.
The strategic partnership, announced this week by Comada co-founders Rupert
Vaughan Williams and Dave Shastri, will see the implementation of Comada's
M.A.T.ware risk management capabilities into SEI's operations platform to
further enhance SEI's outsourcing services for hedge funds and funds of hedge
Said Rupert Vaughan Williams, "SEI was particularly interested in working with
us to address increasingly important liquidity issues that continue to challenge
the alternative investments industry in the wake of the credit crunch, and to
provide their hedge fund managers with further insight and analytics into their
portfolio construction process. We very much look forward to working with SEI to
continue to deliver client integration tools in this area."
Comada is an established fund of hedge fund technology solutions group and is
responsible for the development of the award winning web based M.A.T. Share
portfolio and liquidity management product. The core infrastructure for
M.A.T.ware serves as a basis for both Comada's own products and custom-designed
By seamlessly integrating the M.A.T.ware risk management application features to
SEI's existing platform, SEI will be able to deliver a web based liquidity
management solution that addresses time to cash analysis plus 'what if'
liquidity analysis over both the portfolio and investor sides of the balance
Comada's Dave Shastri added: "We are delighted that the level of granularity and
presentation in our risk and liquidity analyses represented the quality of
information that SEI was seeking to provide its clients with."
Phil McCabe, Senior Vice President and Solution Head, SEI's Investment Manager
Services division, commented: "Liquidity management, particularly for funds of
hedge fund managers, has been of critical importance over the past few years as
managers and investors alike seek broader transparency and holistic views of
their investments. Integrating Comada's M.A.T.ware application into our
best-in-class solution enhances our front-office offering and helps us deliver a
way for managers to more accurately monitor their cash availability in both an
efficient and automated manner."
Comada is a leading alternative investment technology group established by
seasoned funds industry professionals in 2004. Its M.A.T.ware technology
delivers fully integrated transaction-driven applications for hedge fund
services providers and managers. Comada's technology is focused on integrating
critical work flow processes to significantly enhance portfolio and operational
risk management capabilities through greater transparency and accurate portfolio
liquidity profiling. This is achieved by linking administration and custody
operations directly to hedge fund clients.
Comada's flagship product, M.A.T. Share, is already enjoying considerable
recognition as a scalable ground-breaking tool for industry participants seeking
advanced Straight Through Processing (STP) and integrated dynamic client
About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides comprehensive operational
outsourcing solutions to global investment managers focused on mutual funds,
hedge and private equity funds, exchange traded funds, collective trusts, and
separately managed, as well as institutional and private client, accounts. The
division applies operating services, technologies, and business and regulatory
knowledge to each client's business objectives. Its resources enable clients to
meet the demands of the marketplace and sharpen business strategies by focusing
on their core competencies. The division has been recognized by Buy-Side
Technology as "Best Fund Administrator" and by HFMWeek as "Best Funds of Hedge
Funds Administrator." For more information, visit www.seic.com/enUS/im/303.htm.
SEI (NASDAQ:SEIC) is a leading global provider of outsourced asset management,
investment processing and investment operations solutions. The company's
innovative solutions help corporations, financial institutions, financial
advisors, and affluent families create and manage wealth. As of March 31, 2010,
through its subsidiaries and partnerships in which the company has a significant
interest, SEI administers $394 billion in mutual fund and pooled assets and
manages $162 billion in assets. SEI serves clients, conducts or is registered to
conduct business and/or operations, from numerous offices worldwide. For more
information, visit http://www.seic.com.