SEI Partners, ANBI team up
to win Saudi Arabia foothold
BY HELEN BURGGRAF
SEI Partners, a US-based
multi-manager, has joined
forces with Arab National
Bank subsidiary ANB Invest
(ANBI) to target investors
in Saudi Arabia.
SEI said that the deal
was the first such partnership
to be brokered in the
Middle East between a US
manager of manager and
local institution, and that
it was looking for other
potential partners in the
region for similar deals.
The company added
that the partnership was
designed to enable ANBI
to “efficiently and effectively
implement certain
global investment management
solutions” to meet
clients’ investment needs.
Jahangir Aka, managing
SEI core funds vs index
25
20
15
% 10
5
0
-5
Aug ’05 Feb ’06
Source: Lipper
SEI UK FoF
Global Growth
director of SEI in the Middle
East, said the arrangement
reflected its growing global
presence, and was “a key
step in our strategy to
expand our footprint in
the Middle East”.
According to SEI, under
the deal, ANBI will use
Aug
FTSE World CR £
SEI UK Fund of Funds Balanced
Feb ’07
Aug
SEI’s investment management
services in the manager
of managers area, in
particular.
The company currently
manages more than $178bn
for institutions, banks and
wealthy families around
the world.
W I N N I N G M U L T I - M A N A G E R F U N D S
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purposes. These instruments can be more volatile than investment in equities or bonds. The funds are authorised as Non-UCITS Retail Schemes. The investment and borrowing powers of these types
of scheme are wider than those for UCITS funds whilst still aiming to provide a prudent spread of risk. The funds invest in unregulated Collective Investment Schemes which can involve a higher degree
of risk as they are not regulated by the FSA and may not provide the same level of investor protection as regulated schemes. These schemes may not be readily realisable, and price swings may be
more volatile if they are priced less frequently than authorised funds. As a result of the annual management fee for the Schroder Multi-Manager Cautious Managed Fund being charged 50% to capital
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Feb ’08
Aug
Generali adds seven funds
to expand platform to 125
Guernsey-based Generali
International has added
seven funds to its platform,
including multi-asset, thematic
and regional equity
products.
They will be available
through the Vision and
Choice wrappers. Their
addition brings the total
number of funds on offer
to more than 125.
New funds include
Thames River’s Multi-Select,
which is managed by Gary
Potter and Robert Burdett.
NEW FUNDS
Fund name Currency Generali risk rating
BGF New Energy A2 $ High (H)
HSBC GIF Brazil Equity AC $ High (H)
Baring Russia C $ High (H)
New Star Global Financials A Acc $/�/£ Medium/High (MH)
Fidelity EMEA A Acc $ High (H)
Fidelity Euro Blue Chip A Acc � Medium/High (MH)
Thames River Multi-Select $/�/$ High (H)
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NEWS
It has exposure to mainstream
asset classes such as
equities and fixed income,
as well as hedge funds and
funds of hedge funds.
Nick Griffin, head of
sales at Generali International,
said: “The volatility
in global equity markets
reinforces the need for life
offices to ensure their fund
ranges support the need
for sensible asset diversification.
Having a high-quality
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