Washington Community Foundation picks SEI as outsourced CIO
SEI to serve as outsourced CIO for $197 million of the foundation s assets.
SEI will manage the $197 million in the foundation s Combined Investment Fund and provide oversight and integration of data and reporting across all of the foundation s $300 million in investment assets.
SEI said in a joint news release Monday that the two organizations will collaborate on considering new asset classes and incorporating environmental, social and diversity-related considerations across the portfolio. In addition to providing discretionary investment management services, including manager selection and oversight, SEI will help the foundation s investment committee strengthen overall stewardship of the foundation s assets.
Greater Washington Community Foundation Hires SEI as Outsourced Chief Investment Officer for $197 Million Investment Pool
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OAKS, Pa., March 8, 2021 /PRNewswire/ SEI (NASDAQ:SEIC) today announced the company has been hired by the Greater Washington Community Foundation (The Community Foundation) to serve as outsourced chief investment officer (OCIO) for approximately $197 million of the foundation s assets. Through this strategic partnership, SEI will provide discretionary investment management services, including manager selection and oversight, as well as help The Community Foundation s Investment Committee in strengthening the overall stewardship of the foundation s assets. SEI provides investment management services to more than 460 global institutional investors, including over 175 non-profit organizations, representing $32 billion in assets.