SEI Extends Outsourcing Relationship With Causeway Funds

OAKS, Pa., Jan. 19 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC) today announced that it has extended its relationship with Causeway Capital Management Trust to provide outsourcing services for the firm's expanding family of international funds. The relationship dates back to the fund family's inception in 2001, demonstrating SEI's ability to scale its offering to meet changing client needs throughout every stage of growth.  

SEI's outsourcing solution for Causeway includes full service mutual fund administration, accounting, shareholder services and distribution. The company's experience and capabilities were pointed to as critical assets while Causeway continues to expand its presence. SEI's superior service, ability to support a growing product mix, and strong team continuity over the course of the relationship were considered key factors in the renewal process.  

"SEI has been our partner from the beginning and they have provided us the tools and the support to grow at every step along the way," said Gracie Fermelia, Chief Operating Officer of Causeway Capital Management LLC. "SEI supplies high-quality work and excellent client service and we know we can count on SEI for its exceptional knowledge and capabilities. We look forward to years of continued growth with SEI as our strategic partner."

"Having worked with Causeway since the inception of its funds, this is a very special relationship," said John Alshefski, Senior Vice President, SEI's Investment Manager Services division.  "SEI has focused on building a flexible and scalable operational environment so Causeway can focus on serving its shareholders and growing its funds -- and the firm has done that very well. We are proud of our relationship with Causeway, we are proud of the growth the firm has achieved, and we are pleased to provide the support Causeway needs to continue its success."

About Causeway Capital Management LLC

Causeway Capital Management LLC provides investment management services to institutional clients including corporations, pension plans, public retirement plans, Taft-Hartley pension plans, endowments and foundations, mutual funds, charities, private trusts and funds, wrap fee programs and other institutions.  Causeway has approximately $10.19 billion in assets under management.  Causeway is the investment adviser and sponsor of Causeway Capital Management Trust, and its series, Causeway International Value Fund, Causeway Global Value Fund, Causeway Emerging Markets Fund, and Causeway International Opportunities Fund, which are U.S.-registered mutual funds.

About SEI's Investment Manager Services Division

SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to global investment managers focused on mutual funds, hedge and private equity funds, exchange traded funds, collective trusts, and separately managed, as well as institutional and private client, accounts. 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. The division has been recognized by Buy-Side Technology as "Best Fund Administrator" and by HFMWeek as "Best Funds of Hedge Funds Administrator." For more information, visit www.seic.com/ims.

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 $383 billion in mutual fund and pooled assets and manages $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.

SOURCE SEI