Asset management systems provider SEI has launched
a new front-office liquidity management tool designed to help asset managers track, analyse, and manage the portfolio positions of their funds and investor redemption provisions.
SEI's Total Liquidity Management tool automates the liquidity tracking and reporting process for both investments and investors by integrating into SEI's workflow processes. Investment manager clients will be able to develop investment scenarios that factor in terms such as gates and lock-ups, and run attribution and return analyses. Clients will also be able to break down portfolios according to liquidity and strategy concentration terms. In addition to a full suite of liquidity reporting, the tool also provides pricing, valuation, and performance attribution reporting for fund of hedge fund portfolios.
The tool can be linked to order management systems, as well as with SEI's accounting platform and valuation process, reducing the potential user-error risk and additional time required to manually track investor lot-level redemption terms and conditions in spreadsheets.
“The demand for widespread transparency among investors and managers alike has increased significantly in recent years, and this tool is yet another way we can help meet that need,” said Phil McCabe, senior vice president and solution head at SEI's investment manager services division. “Liquidity management and reporting has become much more complex and critically important for managers in forecasting and managing their cash flows, especially in the wake of the liquidity crunch we've witnessed in the last few years. This tool provides managers with an efficient and automated means of monitoring the availability of cash, while minimising the operational risk of not being able to meet cash demands.”