OAKS, PA--(Marketwired - Dec 22, 2015) - SEI (
A $9 trillion industry according to Morningstar, CITs have gained significant acceptance in the retirement industry due to their flexible investment strategies and speed to market, among other benefits. The London Company Small-Mid Equity Collective Trust aims to satisfy market demand for a daily-valued equity CIT product which leverages The London Company's investment expertise.
"CITs are a simplified and low-cost investment vehicle for an increasingly sophisticated institutional market," said Stephen Goddard, Founder & Managing Principal, The London Company. "Our partnership with SEI Trust Company will help us efficiently cater to the market's demand for CIT products by leveraging SEI's proven, comprehensive and fully integrated CIT solution."
The London Company has approximately $10.0 billion in assets under management ($21.2 billion in total entity assets* as of 9/30/2015), with strategies focusing on U.S. equity management across all market capitalizations. Aiming to increase their retirement market presence, The London Company Small-Mid Equity Collective Trust is their first CIT fund. The SEI Trust Company will serve as the trustee, act as an ERISA 3(38) fiduciary investment manager, and provide accounting and administrative functions for the CIT.
"The London Company's growth potential coupled with SEI Trust Company's expertise in CIT is an advantage for retirement investors," said John Alshefski , Senior Vice President and Managing Director of SEI's Investment Manager Services division. "SEI's fully scalable, flexible infrastructure enables investment managers to focus on their core business -- product management and growing and retaining assets."
A pioneer in the CIT arena, the SEI Trust Company has successfully partnered with CIT advisors for more than 25 years. It has provided services to more than 130 CITs representing over $25 billion in assets, making it one of the leading providers of CIT services and expertise.
About SEI Trust Company SEI Trust Company (the "Trustee") serves as the Trustee of the Fund and maintains ultimate fiduciary authority over the management of, and the investments made, in the Fund. The Fund is part of a Collective Investment Trust ("the Trust") operated by the Trustee. The Trustee is a trust company organized under the laws of the Commonwealth of Pennsylvania and a wholly owned subsidiary of SEI Investments Company (SEI).
About SEI's Investment Manager Services Division SEI IMS supplies investment organizations of all types with advanced operating infrastructure they must have to evolve and compete in a landscape of escalating business challenges. SEI's award-winning global operating platform provides asset managers with customized and integrated capabilities across multiple investment vehicles, strategies, and jurisdictions. Our services enable investment managers to gain scale and efficiency, keep pace with marketplace demands, and run their businesses more strategically. SEI presently partners with more than 300 traditional, alternative and sovereign wealth managers representing $15 trillion in assets, including 32 of the top 100 managers worldwide. For more information visit seic.com/ims .
About SEI
SEI (
About The London Company The London Company is an independent registered investment advisor founded in 1994 in Richmond, Virginia. The firm manages domestic equity portfolios across the capitalization spectrum for institutional and high net worth individuals, with $21.2 * billion in total entity assets as of 9/30/2015. The investment team has more than three decades of experience in managing a conservative investment process, focused on producing a consistent performance record with relatively low downside risk. More information about The London Company is described in Part 2 of its Form ADV, which is available upon request by visiting www.tlcadvisory.com , or by calling (804) 775-0317.
* Includes non-discretionary assets as of 9/30/2015.
Company Contact: Dana Grosser SEI +1 610-676-2459 dgrosser@seic.com Media Contact: Julia Watts Prosek Partners +1 212-279-3115 jwatts@prosek.com
