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SEI's Advisors' Inner Circle Fund Reaches $100 Billion in Net Assets
Exchange-traded, Interval, and Tender-Offer Funds Present Growth Opportunities for Investment Managers OAKS, Pa., Aug. 28, 2024 /PRNewswire/ -- SEI®
About this update from Sei Investments Company
[{"type":"text","content":"Exchange-traded, Interval, and Tender-Offer Funds Present Growth Opportunities for Investment Managers\nOAKS, Pa., Aug. 28, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that the Advisors' Inner Circle Fund® (AIC) series trust reached $100 billion in net assets, supporting 47 clients and 128 funds.1 An end-to-end operational platform, the AIC provides investment managers of all sizes a more cost-effective solution to launch and operate new and existing registered funds.\n\nSEI helped pioneer the series trust concept 33 years ago by introducing the AIC, an institutional-quality, turnkey operating platform. The AIC has significantly expanded its operations over the years from mutual funds to include ETFs, interval, and tender-offer funds. This new milestone reflects the AIC's position as one of the industry's leading and most established turnkey platforms for '40 Act vehicles.\nCharles Falck, Chief Operating Officer of GQG Partners, said:\n\"We're extremely pleased with our long-term relationship with SEI and the Advisors' Inner Circle platform. They provided the expertise we needed to launch and operate our mutual funds, which contributed significantly to our success. SEI's team is committed to delivering exemplary client service and continue to support our growth.\"\nShifting investor preference in product types, asset allocation, and investment choice presents growth opportunities across the industry. With 3,618 funds and $9.2 trillion in total assets under management, ETF assets increased 25% from a year ago, representing significant growth.2 Overall growth for interval and tender-offer funds has been robust and consistent, with net assets increasing 24.2% from first quarter 2023 to first quarter 2024. During the first quarter of 2024, interval and tender-offer funds gained $10.6 billion in net assets.2 Capitalizing on these trends, investment managers are outsourcing their fund operations and oversight in order to focus on their investment expertise and business growth.\nJeff Cullen, Managing Director at Cullen Capital Management, said:\n\"We recently launched our first active ETF on the Advisors' Inner Circle Fund series trust, which efficiently addressed the complexities associated with ETFs. The AIC is an established, proven operational platform that provides us with the infrastructure and expertise we need to go...