SEI Named Best Funds of Hedge Funds Administrator at HFMWeek Service Provider Awards

DUBAI, United Arab Emirates -

- Points to Company’s Ability to Deliver Transparency, Efficiency, And Strategic Focus Amid Increased Outsourcing

SEI (Nasdaq: SEIC) today announced that it was named Best Funds of Hedge Funds Administrator in the 2009 HFMWeek US Service Provider awards. The award, presented by industry publication HFMWeek, points to SEI’s ongoing leadership in the funds of hedge funds space. It demonstrates the industry’s recognition of SEI’s innovative technology and best-in-class processes. These areas are critical as funds increasingly turn to outsourcing to achieve greater transparency and efficiencies in the face of changing investor and regulatory demands.

Commenting on the award, Steve Meyer, Executive Vice President, SEI and Head of SEI’s Investment Manager Services division, said:

“We are honoured to be nominated and win this award. Most importantly to us, however, was that this was in large part due to recommendations from our clients and indicative of the strategic partnerships we have built over the life of our relationships. We have always said that our success is solely based on that of our clients, and we continue to strive to help them achieve their business objectives now and in the future. “We have invested significant resources to ensure we have leading-edge technologies and processes that make us an invaluable outsourcing partner for our clients, regardless of their investment product structure, asset classes in which they invest, or portfolio strategy. We continue to push for innovations that aid in our clients’ success.”

Through its comprehensive outsourcing solution, SEI provides a wide variety of services including fund accounting, administration, and investor servicing using best-in-class technology solutions. SEI’s innovative Dashboard tool is used by funds of hedge funds to create greater levels of efficiency, increased collaboration, and daily transparency in delivering timely accurate valuation and reporting. Through the use of workflow processes, it also enables real-time approval processing and task management in a user-friendly online format.

SEI was selected for the prestigious award from a group of nominees that included some of the industry’s largest and most notable providers. Among the reasons SEI was selected was the fact that its alternative assets under administration had grown by over 30 percent in 18 months.

About SEI’s Investment Manager Services Division

SEI’s Investment Manager Services division provides total operations outsourcing solutions to global investment managers focused on mutual funds, hedge and private equity funds, exchange traded funds, collective trusts, separately managed accounts and institutional and private client services. The division applies operating services, technologies, and business and regulatory knowledge to each client’s business objectives. Its resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. For more information, visit www.seic.com/enUK/im/1311.htm.

About SEI

SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company’s innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of September 30, 2009, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers US$383 billion in mutual fund and pooled assets and manages US$156 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit www.seic.com.

Services provided by SEI Investments - Global Fund Services Limited (Reg. in Dublin No. 424309), SEI Investments Trustee & Custodial Services (Ireland) Limited (Reg. in Dublin No. 315393), and their affiliates, which are all wholly owned subsidiaries of SEI Investments Company.

SEI Investments - Global Fund Services Limited and SEI Investments Trustee & Custodial Services (Ireland) Limited (Styne House, Upper Hatch Street, Dublin 2, Ireland) are authorized by the Financial Regulator under the Investment Intermediaries Act 1995.

This material is not directed to any persons where (by reason of that person’s nationality, residence or otherwise) the publication or availability of this material is prohibited. Persons in respect of whom such prohibitions apply must not rely on this information in any respect whatsoever.

Source: SEI

Dana Grosser of SEI, +1-610-676-2459, dgrosser at seic.com, or Media, Sue Mathews, suem at penrose.co.uk, or Katy Hall, katyh at penrose.co.uk, of Penrose Financial, +44-0-207-786-4888