The latest product and service offerings, including funds, in the wealth and asset management sector.

SEI, Maybank
SEI®, the US-listed investment and technology solutions firm, has formed a strategic partnership with Malaysia-based Maybank Group to deliver its clients SEI’s investment expertise and asset allocation strategy.

The partnership introduces SEI’s manager selection platform and asset management capabilities, including proprietary manager research and due diligence, risk management, and investment research to Maybank clients, SEI said in a statement yesterday. 

Through the partnership, Maybank launched the MAMG Liquid Alternative Fund, a private label feeder fund structured as a Malaysian unit trust that invests directly in The SEI Liquid Alternative Fund, a hedge fund replication strategy. 

“Democratising investment access is core to our asset management value proposition, and we are thrilled to partner with Maybank to deliver our institutional-quality investment platform to their clients. With access to a unique, replication-based liquid alternatives strategy and our broader investment capabilities, Malaysian investors can pursue their financial goals with greater confidence,” Kevin Barr, head of SEI’s asset management business, said.

As of 31 December 2021, SEI manages, advises, or administers about $1.3 trillion in assets. 

Octopus
Octopus Investments has launched a venture capital trust that adopts a “sustainable” investment strategy, fitting in with the continued ESG trend. 

The UK-based firm has rolled out the Octopus Future Generations VCT, which will be managed by Simon King, a partner in Octopus Ventures. It is open for investment through a new share offer of an initial £20 million ($26.9 million).

“We are living through a period of unprecedented change, in which whole industries are transforming, almost overnight, creating value for investors at a rate never seen before. At the same time, society is struggling to deal with rising levels of inequality, the massive impact of climate change and creaking healthcare systems,” Simon Rogerson, Octopus Group chief executive, said. 

The VCT expands Octopus’ existing sustainability offering, following the launch of the UK Future Generations Fund, which invests in listed companies focused on the same three sustainable investment themes, in September 2021.