SEI has picked seven asset managers to subadvise a new global equity fund, which it will launch this summer.
The firm has filed to register the SEI World Select Equity fund with the Securities and Exchange Commission.
The fund is expected to launch at the end of June or early in July.
It will invest in US and foreign equity stocks across all market capitalizations.
Eugene Barbaneagra is the only in-house manager named on the fund and the firm has picked seven external managers to run various sleeves.
- AS Trigon Asset Management;
- Intech Investment Management;
- Jackson Square Partners;
- LSV Asset Management;
- Metropole Gestion;
- Rhicon Currency Management;
- and Towle & Co.
The fund will have a management fee of 0.55%.
A spokeswoman confirmed the filing but declined to comment further.
To find out more about how SEI selects subadvisors, click here.