SEI has been selected by Monsoon Capital to provide fund administration, trustee and custodial services for the firm’s UCITS fund.
The managed futures strategy, Monsoon Asia-Pacific Systematic Fund, launched in September 2011 and is domiciled in Ireland.
The strategy uses a systematic and quantitative trading approach and SEI’s technology, which delivers a straight-through, automated process for trade reconciliation, was a key factor in the manager’s decision to select the outsourcer.
Gautam Prakash (pictured), founder and senior managing director of US-based Monsoon, says SEI tailored its reporting to support its specific needs. He adds: “We