Iridian Asset Management has chosen SEI to provide a number of services for its Undertakings for Collective Investment in Transferable Securities (Ucits) fund.
These will range from fund administration through accounting, investor services, and custody services. Iridian's Ucits fund is registered in Ireland.
"When we decided to launch our US Equity Fund in multiple non-US markets we wanted to find a single, strategic outsourcing partner with the experience and solutions necessary to meet our diverse needs," says Colin Morris, director of marketing and client service at Iridian. "The Ucits structure was a critical part of the decision, but it ultimately came down to SEI's proven platform and expertise across fund strategies and structures. SEI gave us a single platform that will quickly bring our funds to market in Europe without having to build out our own back-office processes. We look forward to partnering with SEI on this and future initiatives."
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