SEI has been selected by Pennsylvania-based AlphaOne Capital Partners to provide outsourcing, including middle- and back-office services, for the firm’s investment products.

Hedge fund manager AlphaOne, founded by former Gartmore chief executive Paul Hondros, wanted greater infrastructure transparency, flexibility, and scalability without tying up critical internal resources. Scalability was particularly important as the firm continues to grow through acquisition.

SEI will provide trade processing, investment accounting, daily cash and position reconciliations with custodians; daily and month-end performance measurement; and end-client reporting and billing. SEI will also host and maintain the firm’s order management system. 

And SEI will provide back-office services, including fund administration, accounting and investor servicing for two of AlphaOne’s hedge funds. The services also include full business continuity and disaster recovery capabilities.