SEI Selected by Highland Capital Management to Provide Operations Outsourcing for New Exchange Traded Funds

SEI Selected by Highland Capital Management to Provide Operations Outsourcing 
for New Exchange Traded Funds 
Strategic Partnership Helps Firm Market Bank Loan Expertise Through
ETF Structure 
OAKS, PA -- (Marketwire) -- 03/13/13 --  SEI (NASDAQ: SEIC) today
announced that it has been selected by Highland Capital Management
Fund Advisors' mutual fund division to provide a comprehensive,
turnkey solution to support the firm's open-end senior bank loan
exchange traded fund (ETF). SEI's integrated ETF solution, which
includes a full-service suite of back- and middle-office services, is
designed to help investment managers enter the growing ETF market
quickly while also providing operational efficiency and supporting
the industry's demand for greater transparency. This ETF launch marks
an ongoing trend in the ETF marketplace towards products that will
generate alternative sources of income. This strategic partnership is
an extension of SEI's existing hedge fund outsourcing relationship
with Highland Capital Management.  
SEI will provide a complete outsourcing solution to Highland,
delivering fund administration and accounting, investor servicing,
portfolio accounting, daily reconciliation, as well as distribution
services and order management. SEI's track record of success with
Highland, its strong bank debt solution, and the company's deep
experience with some of the industry's largest ETF providers, were
pointed to as key factors in the decision.  
"We were looking for a partner who could help us bring our strategy
to market quickly and effectively, and SEI stood out at every turn
with its ETF expertise and best-in-class order-taking technology
solution," said Ethan Powell, Chief Product Strategist of Highland
Capital Management Fund Advisors. "SEI has an established track
record of success with some of the largest money managers both inside
and outside the ETF space, has a proven Authorized Participant
process, and an expertise in bank debt processing that gave us the
utmost confidence."  
"The bank loan debt space is expanding rapidly as investors are
seeking alternative sources of income through registered fund
structures and we are very pleased to help Highland bring this
strategy to the ETF marketplace," said John Alshefski, Senior Vice
President, SEI's Investment Manager Services division. "Our
full-service, integrated solution has allowed Highland to get its ETF
launched and available to investors quickly and efficiently, while
our breadth of experience in navigating the retail marketplace will
be advantageous as Highland continues to expand and enhance its
SEI introduced the industry's first fully automated, web-based
processing system for ETFs, and currently services over $525 billion
in ETF assets, representing approximately 45 percent of the total
About SEI's Investment Manager Services Division 
 SEI's Investment
Manager Services division provides comprehensive operational
outsourcing solutions to support investment managers globally across
a range of registered and unregistered fund structures, diverse
investment strategies and jurisdictions. With expertise covering
traditional and alternative investment vehicles, the division applies
customized operating services, industry-leading technologies, and
practical business and regulatory insights to each client's business
objectives. SEI's resources enable clients to meet the demands of the
marketplace and sharpen business strategies by focusing on their core
competencies. The division has been recently recognized by Buy-Side
Technology as "Best Fund Administrator," by Hedge Funds World Middle
East as "Best Service Provider" and by HFMWeek as "Best Single
Manager Hedge Fund Administrator (Over $30B AUA)" in the U.S. and
"Best Administrator - Technology Provider" in Europe. For more
information, visit  
About SEI 
 SEI (NASDAQ: SEIC) is a leading global provider of
investment processing, fund processing, and investment management
business outsourcing solutions that help corporations, financial
institutions, financial advisors, and ultra-high-net-worth families
create and manage wealth. As of December 31, 2012, through its
subsidiaries and partnerships in which the company has a significant
interest, SEI manages or administers $458 billion in mutual fund and
pooled or separately managed assets, including $201 billion in assets
under management and $257 billion in client assets under
administration. For more information, visit 
Company Contact:
Dana Grosser
+1 610-676-2459 
Media Contact:
Jason Rocker
Braithwaite Communications
+1 215-564-3200 x 110 
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