SEI added 15 new institutional clients and nearly USD2.5bn in assets under management through the first half of 2010.

SEI added 15 new institutional clients and nearly USD2.5bn in assets under management through the first half of 2010.

Continuing a recent trend, the growth was driven in part by increased interest in an outsourced investment model from healthcare organisations with balance sheet assets and larger pension plan sponsors.

In the past 36 months, SEI has added nearly USD17bn in new assets under management and 94 new institutional clients worldwide.

Among SEI's new institutional clients this year are Boston Mutual Life Insurance, Cape Regional Health System, Operating Engineers Local #487, Specialty Equipment Market Association and Jeyes Supplementary Pension Scheme.

"The recent market volatility has changed the way organisations view risk and how they manage their invested assets," says Paul Klauder, vice president, SEI's institutional group. "We're seeing a mindset shift in regards to the role internal resources should play in investment management and how a co-fiduciary partner can compliment that process to the overall benefit of the organisation."

To date, over 30 organisations, each with more than USD350m in invested assets, have selected SEI.

SEI has also shown growth among its non-profit and healthcare clients. During the past 18 months, SEI has added more than USD2.6bn in new healthcare, endowment and foundation assets under management.