SEI has decided to remove AJO’s Large Cap Momentum strategy from the SEI U.S. Large Company Equity Fund (the Fund).

Rationale

AJO announced that it will be closing after year end. According to a memo from firm founder Ted Aronson, trading will cease November 30, 2020 and the firm will wind down by December 31, 2020.

The assets in AJO’s strategy will be transferred to the newly-added Acadian Asset Management’s (Acadian) U.S. Large Cap Momentum strategy.

About Acadian

Acadian’s strategy takes a momentum-oriented approach that incorporates top-down and bottom-up elements.

The team’s investment process is quantitative in nature and focuses on drivers of outperformance for the momentum alpha source. We believe the team is well resourced and has deep experience.

We expect Acadian’s strategy to complement the manager line-ups within the Fund.



















Investments Canada Company, a wholly owned subsidiary of SEI Investments Company, is the Manager of the SEI Funds in Canada.

The information contained herein is for general and educational information purposes only and is not intended to constitute legal, tax, accounting, securities, research or investment advice regarding the Funds or any security in particular, nor an opinion regarding the appropriateness of any investment. This information should not be construed as a recommendation to purchase or sell a security, derivative or futures contract. You should not act or rely on the information contained herein without obtaining specific legal, tax, accounting and investment advice from an investment professional.

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