SEI will provide fund administration, investor servicing and Irish trustee and custody services for Iridian’s Irish-registered UCITS fund.
The mandate is part of Iridian’s a desire to expand its presence beyond the US and launch its equity fund in non-US markets.
Collin Morris, director of marketing and client service at Iridian, said: “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.”
John Alshefski, senior vice president of SEI’s investment manager services, also commented on the mandate: “By turning to UCITS, Iridian is extending its strategies throughout Europe.”
“We believe that this partnership will provide Iridian with the world-class platform and infrastructure they need to continue to grow,” he added.
