According to SEI, in addition to existing asset classes, such as equity, fixed income, liquidity and property, it has added a portfolio of absolute return strategies – Equity Long/Short, Equity Market Neutral, Credit Long/Short, and Global Macro funds – which use the full investment capabilities of UCITS III.
SEI’s alternative investment team manages $2bn. They use SEI’s Manager-of-Managers process to select, combine, and monitor absolute return investment managers.
The SEI strategic portfolios are seven funds that embrace SEI’s goals-based investment philosophy, which combines modern portfolio theory with behavioral finance.
This latest enhancement provides an exposure of up to 10% in the conservative, moderate, core, and balanced portfolios. Other absolute return strategies may be added in the future to take advantage of opportunities throughout the economic cycle, said SEI.
SEI Global Wealth Services director of client investment strategy Cedric Bucher said absolute return strategies are an excellent addition to the portfolios, providing further opportunity to diversify risk.
