Key Takeaways
- • SEI (NASDAQ: SEIC) launched the SEI DBi Multi-Strategy Alternative ETF (NASDAQ: QALT) following the reorganization of its SIMT Liquid Alternative Fund into an ETF structure.
- • QALT seeks long-term capital appreciation by replicating the return profile, before fees and expenses, of a model portfolio of alternative strategies that primarily consists of hedge funds.
- • The fund uses a quantitative, rules-based approach to dynamically allocate long and short positions across global equity, fixed income, and currency markets.
- • Dynamic Beta Investments (DBi), a hedge fund replication specialist, serves as sub-adviser, a partnership that has run for nearly 10 years, with DBi sub-advising SEI's liquid alternative funds since 2015.
- • SEI and DBi will mark the 10-year anniversary of the SEI Liquid Alternative Fund in November 2025.
Summary
SEI has announced the launch of the SEI DBi Multi-Strategy Alternative ETF (NASDAQ: QALT), following the reorganization of the SIMT Liquid Alternative Fund into an exchange-traded structure. According to the company, the ETF adopts the same strategy as the mutual fund, now offered in a cost-efficient and accessible wrapper. The fund seeks long-term capital appreciation by replicating the return profile, before fees and expenses, of a model portfolio of alternative strategies, which primarily consists of hedge funds.
QALT employs a quantitative, rules-based approach to dynamically allocate long and short positions across global equity, fixed income, and currency markets. SEI will continue to manage the ETF, with sub-advisory duties held by Dynamic Beta Investments (DBi), an asset manager specializing in hedge fund replication. DBi has sub-advised SEI's suite of liquid alternative funds since 2015, including products in the U.S., Ireland, and Canada. SEI has been investing in alternatives since 2003.
Robert Hum, Head of Investment Product Development and Activation at SEI, said advisors and investors are increasingly seeking differentiated sources of return, while liquid alternative ETFs remain limited. Andrew Beer, Founder and Managing Member of DBi, said the firm's goal is to deliver the diversification benefits of leading hedge funds with reasonable fees, daily liquidity, less downside risk, and full transparency.
SEI and DBi will mark the 10-year anniversary of the SEI Liquid Alternative Fund this November. The fund is described as an award-winning, UCITS-compliant multi-strategy hedge fund solution designed to strengthen the risk-return profile of SEI's institutional and private client multi-asset portfolios.
QALT employs a quantitative, rules-based approach to dynamically allocate long and short positions across global equity, fixed income, and currency markets. SEI will continue to manage the ETF, with sub-advisory duties held by Dynamic Beta Investments (DBi), an asset manager specializing in hedge fund replication. DBi has sub-advised SEI's suite of liquid alternative funds since 2015, including products in the U.S., Ireland, and Canada. SEI has been investing in alternatives since 2003.
Robert Hum, Head of Investment Product Development and Activation at SEI, said advisors and investors are increasingly seeking differentiated sources of return, while liquid alternative ETFs remain limited. Andrew Beer, Founder and Managing Member of DBi, said the firm's goal is to deliver the diversification benefits of leading hedge funds with reasonable fees, daily liquidity, less downside risk, and full transparency.
SEI and DBi will mark the 10-year anniversary of the SEI Liquid Alternative Fund this November. The fund is described as an award-winning, UCITS-compliant multi-strategy hedge fund solution designed to strengthen the risk-return profile of SEI's institutional and private client multi-asset portfolios.
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