BOCA RATON, Fla.--(BUSINESS WIRE)--Polen Capital Management, LLC, an equity management boutique firm based in Boca Raton, Florida, today announced that it will act as advisor to the Polen Global Growth Collective Investment Trust and the Polen Focus Growth Collective Investment Trust funds, which are established by SEI Trust Company, a subsidiary of SEI (NASDAQ: SEIC). SEI is a leading supplier of customized operating infrastructure and services to investment organizations worldwide.
The new Polen Global Growth and Polen Focus Growth CITs will consist of large cap equity securities invested with Polen Capital’s investment philosophy and process, which have a 27-year track record.
“We have seen a growing client interest for our investment strategies within a CIT vehicle - particularly in our Global Growth strategy. Similar to our investment philosophy of only investing in high-quality companies, from a business perspective we only partner with best of breed service providers,” said Stan C. Moss, CEO of Polen Capital. “With SEI we found an industry-leading trustee and administrative services provider.”
CITs are a rapidly expanding component of defined benefit and defined contribution plans due to the vehicle’s ability to accommodate flexible investment strategies, low-cost structure, and daily valuation, among other characteristics. Aiming to increase its retirement market presence and respond to clients’ needs, the Polen Capital CITs are the first CIT funds the Firm advises.
The CIT can also be an effective structure for satisfying growing interest in high active share strategies, with the Polen Global Growth and Polen Focus Growth funds leveraging Polen Capital’s investment expertise in managing concentrated strategies.
Polen Capital has approximately $10 billion in assets under advisement as of August 31, 2016, with strategies focusing on large cap growth equity securities. SEI Trust Company serves as the trustee to the CITs, acts as an ERISA 3(38) fiduciary investment manager, and provides accounting and administrative functions.
“Polen Capital’s expertise with its Global Growth and Focus Growth strategies coupled with SEI’s scalable, flexible infrastructure is an appealing combination for retirement investors,” said John Alshefski, Senior Vice President and Managing Director of SEI’s Investment Manager Services division. “SEI’s integrated capabilities in CITs helps enable investment managers to preserve and grow assets.”
A pioneer in the CIT arena, SEI’s Investment Manager Services division has successfully partnered with CIT advisors for more than 25 years. As of June 30, 2016, through various SEI subsidiaries, it has provided services to more than 250 CITs representing over $56 billion in assets, making it one of the leading providers of CIT services and expertise.
More information is available at www.polencapital.com.
About Polen Capital
Founded in 1979, Polen Capital is a global investment management firm that provides high value-added quality growth investment strategies to sophisticated clients around the world. The Firm is committed to attracting experienced, disciplined investment professionals to add value to client portfolios. Polen Capital’s investment team oversees a global equities universe of high-quality growth companies and manages the flagship Focus Growth and Global Growth investment strategies. Polen Capital’s strategies are offered through various investment vehicles to accommodate a broad range of client mandates. For more information visit www.polencapital.com and connect with us on LinkedIn.
About SEI
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 June 30, 2016, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $707 billion in mutual fund and pooled or separately managed assets, including $269 billion in assets under management and $438 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 CIT and maintains ultimate fiduciary authority over the management of, and the investments made, in the CIT. The CIT is a Collective Investment 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 of participating tax qualified pension and profit sharing plans and related trusts, and governmental plans as more fully described in the Trusts’ Declaration of Trust. As a bank maintained collective investment trust, 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 Polen Capital.
