The London Company, LLC is pleased to announce that they will sub-advise a newly created equity collective investment trust (CIT) implemented by the SEI Trust Company, a subsidiary of SEI.
A $9-trillion dollar industry according to Morningstar, collective investment trust has gained significant acceptance in the retirement industry due to its flexible investment strategies and speed to market, among other benefits. The London Company’s partnership with SEI Trust Company aims to satisfy the market’s demand by offering a daily valued CIT product call The London Company Small-Mid Equity Collective Trust.
“CITs are a simplified and low-cost investment vehicle for an increasingly sophisticated institutional market,” said Stephen Goddard, Founder and Managing Principal, The London Company. “Our partnership with the SEI Trust Company will help us efficiently cater to the market’s demand for CIT products by leveraging SEI’s proven comprehensive, and fully integrated CIT solution.”
Since its inception in 1994, The London Company has acquired $11.2 billion in assets under management ($21.2 billion in total entity assets). The SEI Trust Company serves as trustee and a 3(38) ERISA fiduciary, as well as provides accounting and administration functions for the CIT.
“The London Company’s growth potential coupled with SEI Trust Company’s expertise in CIT is an attractive proposition for retirement investor,” said John Alshefski, Senior Vice President and Managing Director of SEI’s Investment Manager Services division. “SEI’s fully scalable infrastructure enables investment managers to focus on expanding into new territory, while remaining flexible, to cater to specific investor demands in today’s more complex business environment.”
About The London Company
The London Company is an independent registered investment advisor founded in 1994 in Richmond, Virginia. The firm manages domestic equity portfolios across the capitalization spectrum for institutional and high net worth individuals. The investment team has more than three decades of experience in managing a conservative investment process, focused on producing a consistent performance record with relatively low downside risk. More information about The London Company is described in Part 2 of our Form ADV, which is available upon request by visiting www.tlcadvisory.com, or by calling (804) 775-0317.
SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of September 30, 2015, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $638 billion in mutual fund and pooled or separately managed assets, including $245 billion in assets under management and $393 billion in client assets under administration. For more information, visit seic.com.
About SEI Trust Company
SEI Trust Company (the “Trustee”) serves as the Trustee of the Fund and maintains ultimate fiduciary authority over the management of, and the investments made, in the Fund. The Fund is part of a Collective Investment Trust (“the Trust”) operated by the Trustee. The Trustee is a trust company organized under the laws of the Commonwealth of Pennsylvania and a wholly owned subsidiary of SEI Investments Company (SEI).
The Trusts are trusts for the collective investment of assets or participating tax qualified pension and profit sharing plans and related trusts, and government plans as more fully described in the Declaration of Trust. As bank collective trusts, the Trusts are exempt from registration as an investment company. The Trusts are managed by SEI Trust Company, the trustee, based on the investment advice of The London Company, LLC. For more information, please see the offering documents for the Trust, available from SEI Trust Company.