SEI will manage the assets held in Ahlstrom USA, the benefits plan administration arm of the company. Ahlstrom provides fiber materials that are used in household goods, medical supplies and office supplies. The company has more than 40 production sites and approximately 9,000 employees worldwide.
SEI's manager-of-managers approach to its investment process will allow it to customize an investment allocation plan as well as protect against style drift, said Edward Loughlin, executive V.P. of SEI Investments, in a statement. 'After evaluating the complexities of the current Ahlstrom plan combined with the direction they wished to take, it became quite clear that they had a very unique set of needs,' he said.
SEI manages $78 billion in assets, according to the company.