AlphaOne Capital Partners has outsourced its operations to SEI, for its portfolio of investment products, PR Newswire reports. SEI will provide the equity money manager with institutional and hedge fund accounts services, which include trade processing, investment accounting, daily cash and position reconciliations, daily and month-end performance measurement and end-client reporting and billing.
SEI will also host and maintain the order management system. Services also include back-office services, fund administration, accounting and investor servicing for two of AlphaOne’s hedge funds. Full business continuity and disaster recovery capabilities will also be provided.
Click here for the story from PR Newswire.