Outsourcing asset management group SEI has added absolute return capabilities to its seven-strong strategic portfolio suite.
The SEI strategic portfolios are a risk-profiled range with £78m in assets under management.
The new portfolio of Ucits III absolute return funds includes long/short equity, market neutral equity, long/short credit and global macro mandates, and will be run by SEI’s alternative investment team, which manages $2bn.
The strategies will be used to increase diversification and reduce risk, and will comprise up to 10% of the Conservative, Moderate, Core and Balanced portfolios within the strategic range.
SEI says further absolute return strategies may be added in the future.
“Absolute return strategies are an excellent addition to the portfolios, providing further opportunity to diversify risk,” says Cedric Bucher, director of client investment strategy at SEI Global Wealth Services.
“The universe of Ucits funds that employ absolute return strategies has grown significantly over the past three years, providing the opportunity for broader screening and better portfolio construction in the context of a multi-asset portfolio.”
Source:http://www.investmentweek.co.uk/investment-week/news/1928947/sei-adds-absolute-return-funds-outsourcing-solution
