25 clients select SEI Asset Management to manage entire portfolio; Assets now exceed $25 billion.

WAYNE, Pa.--(BUSINESS WIRE)--July 1, 1996--SEI Corp. (NASDAQ:SEIC) today announced that 25 institutional investors recently selected SEI's Asset Management Group to manage their entire pension portfolio.

The growth in SEI's assets under management demonstrates an emerging trend toward simplifying pension management, outsourcing to a single provider who offers total control over global investment opportunities.

"Plan sponsors are realizing that the standard practice of hiring an outside consultant and then selecting the individual money managers independently isn't working," said Ed Loughlin, president of SEI Asset Management. "There are huge disconnects that subject a plan to unnecessary risk. First of all, in the more efficient mature markets, there's the risk of slippage which can leak significant basis points to cause underperformance. Second, in the more inefficient markets, it's crucial to be geared up to conduct meaningful investment research for early participation in developing opportunities. Lastly, with a fragmented approach, there's a risk that the allocation strategy and investment management implementation are not in sync."

SEI's fully-integrated approach to asset management helps eliminate this problem, because it comprises portfolio construction, money manager selection, along with real-time supervision and rebalancing of accounts, providing single-source accountability and assuming fiduciary responsibility. SEI provides clients with single-source accountability and assumes fiduciary responsibility with a portfolio globally diversified in 10 asset classes and invested by style-specific investment managers around the world.

SEI's newest clients include Butler Manufacturing Co.; Morgan, Lewis & Bockius LLP; New Jersey Resources Corp.; Euclid-Hitachi Heavy Equipment Inc. and Blount International Inc., adding an additional $508 million in assets. In addition, 19 other firms have turned over their entire pension portfolio to SEI Asset Management as the sole source provider.

"SEI's approach is ideal for today's complex and risky investment arena. It is less time-consuming for our committee and delivers better results," said Tito Antonelli, controller of Euclid-Hitachi Heavy Equipment Inc. "I can focus on our manufacturing business knowing that SEI's core competency is investing and managing portfolios. By outsourcing to SEI, we've gained more control over our assets."

SEI Asset Management provides investment strategies to meet complete portfolio needs from short-term cash and liquidity management to long-term asset management. Investment programs are provided to trust departments, retirement funds sponsors, non-profit endowments, foundations, registered investment advisors and corporate treasuries.

CONTACT: Manning, Selvage & Lee, New York 

Dave Tager, 212/213-0909