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SEI’s Collective Investment Trust Business Experiences Significant Growth PR Newswire OAKS, Pa., March 15, 2021 /PRNewswire/ SEI (NASDAQ:SEIC), a leading global provider of investment processing, investment management, and investment operations solutions, announced today that its collective investment trust (CIT) business has surpassed $100 billion in assets under administration (AUA) as of Dec. 31, 2020, representing a 20.5% increase in the firm s AUA from a year ago. Through SEI Trust Company, SEI launched 39 funds across 11 global investment managers, adding over $17.3 billion in CIT assets in 2020. The growth of SEI s CIT business is driven by its established turnkey operational platform and experienced, professional staff, enabling investment managers, retirement plans, consultants and advisors an efficient way to gain access to SEI s extensive CIT line-up. SEI s growth is further driven by other industry factors, including continue ....
Nuveen Expands TDF Solutions With New Series Nuveen, the global investment manager of TIAA, has expanded its target-date fund (TDF) solutions offering with the addition of the Nuveen TIAA Lifecycle Index CIT series. The new collective investment trust (CIT) series will further complement the firm’s existing TDF suite, which includes an offering of active, passive and blended strategies. The trustee for the CIT is SEI Trust Co., a wholly owned subsidiary of SEI Investments Co. SEI maintains ultimate fiduciary authority over the management of and the investments made in the CIT, with Nuveen acting as the adviser. With the launch of the Nuveen TIAA Lifecycle Index CIT series, the firm will now offer a passive target-date strategy in both mutual fund (TIAA-CREF Lifecycle Index Funds) and CIT solutions. The latest CIT series will also be managed by Nuveen’s mixed assets portfolio management team, which was recognized for its management of mutual funds for the fifth ....