SEI Further Expands Workflow Automation for Hedge Fund Outsourcing Services

Processes Improve Controls, Transparency, and Operational Risk Reporting for
Daily Valuation and Reporting Environment

OAKS, Pa., July 13 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC) today
announced that it has enhanced the workflow processes and capabilities
associated with its hedge fund outsourcing services to improve transparency,
automation and controls, and operational risk reporting. The enhancements are
designed to assist hedge fund managers as they face increased pressure to meet
the growing demand for transparency, risk mitigation, and daily reporting
being placed on them by their institutional clients.

SEI's enhanced workflow automates the middle- and back-office functions of
hedge fund operations, creating efficiencies that allow SEI to provide daily
pricing and valuation services, profit and loss (P&L), as well as daily net
asset values (NAVs) down to the investor level. Additional benefits of SEI's
workflow technology and capabilities include:
-- increasing operational transparency
-- creating a paperless operational process
-- improving communication between the investment manager and SEI
-- facilitating operational risk management by capturing audit trails
-- streamlining the annual audit process by creating easily-searchable
indexed and archived records.

These capabilities have become increasingly important as hedge funds continue
to adapt to the changing needs and demands of a growing institutional client
base.

Additionally, SEI's middle office outsourcing services for single manager
hedge funds continue to expand as the demand for institutional processes,
independent third-party providers and improved investor reporting reaches an
all-time high amid changing and increasingly volatile market conditions. SEI
offers premium outsourcing services for large, single manager hedge funds who
desire daily portfolio processing and reporting capabilities, including
independent valuation, trade capture, reconciliation, and portfolio analytics,
in addition to investor servicing, fund administration, and fund accounting.

"Managers are being driven by their investors to have a transparent,
independent, and process-driven operational environment. In this 'Era of the
Investor', our focus continues to be on developing and enhancing solutions to
help our clients meet and exceed their investors' needs and concerns," said
Steve Meyer, Executive Vice President, SEI and Head of SEI's Investment
Manager Services division. "Our technology systems and processes provide
managers with a daily reporting environment that can enhance their decision
making and analytics, as well as provide their clients with a greater level of
transparency, which is an absolute requirement in today's world. Our ongoing
investments in workflow automation have us well positioned to help our clients
face these new market realities."

SEI currently provides daily estimated NAVs and P&L reporting for 40 percent
of the funds it administers. SEI administers over $135 billion in alternative
investment assets.

About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides total operations
outsourcing solutions to global investment managers focused on mutual funds,
hedge and private equity funds, exchange traded funds, collective trusts,
separately managed accounts and institutional and private client services.
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. To learn more visit
http://www.seic.com/enUS/im/333.htm.

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
March 31, 2009, through its subsidiaries and partnerships in which the company
has a significant interest, SEI administers $354 billion in mutual fund and
pooled assets and manages $123 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

Company, Dana Grosser of SEI, +1-610-676-2459, dgrosser@seic.com; or Media,
Jason Rocker of Braithwaite Communications, +1-215-564-3200, ext. 110,
jrocker@gobraithwaite.com