SEI Investments Selected by Pliant to Manage $26 Million In Defined Benefit Plan Assets
biz.yahoo.com
OAKS, Pa., April 9 /PRNewswire-FirstCall/ -- SEI Investments (Nasdaq: SEIC), a global leader in retirement outsourcing solutions, has been awarded a $26 million mandate to manage the Pliant Corporation's entire defined benefit plan. SEI will provide Pliant Corporation with fully integrated consultative services, customized global investment management, and administrative services for this plan.
``Due to continued volatility in the investment marketplace, a desire to expand investment diversification, and an increasing demand on their time to manage the plan, the Pliant Corporation decided to change their traditional approach to plan management and use SEI's total pension management process,'' said Steve Onofrio, Senior Vice President & Managing Director, Core Corporate Market. ``Through SEI's integrated retirement solution, Pliant Corporation will be able to increase the control of their plan while spending less time and resources managing the individual pieces of the process. In addition, SEI's solution will provide the Pliant Corporation trustees with enhanced fiduciary services, administrative efficiencies, and controlled costs.''
SEI Investments is the #1 ranked manager-of-managers program, the fastest growing segment of today's investment marketplace.* SEI's process of identifying, hiring and managing specialist money managers will help Pliant Corporation to improve diversification and performance consistency in today's volatile market environment, while minimizing risk and style drift. SEI has the capability to proactively monitor every investment decision made by every manager every day. |
