OAKS, Pa., Nov. 2, 2010 /PRNewswire/ -- SEI (Nasdaq: SEIC) today announced that it was named "Most Innovative Fund Administrator" and "Best Funds of Hedge Funds Administrator" in the 2010 HFMWeek U.S. Hedge Fund Services Awards among service providers with over $30 billion in assets under administration. The awards, presented by industry publication HFMWeek and held on Oct. 27 in New York, point to SEI's ongoing leadership in providing innovative and technology-driven solutions that help investment managers better adapt to evolving investor needs and an increasingly challenging regulatory environment. SEI was selected for the prestigious awards from a group of nominees that included some of the industry's largest and most notable providers. SEI was also recognized as a finalist in five additional awards categories, including Single Manager, Middle Office, Client Service, Investor Servicing Technology and Best Overall Administrator. "We are honored to have won these two awards. Our mission is to provide world-class solutions to our clients, and this is a great acknowledgement of the investments we're making to deliver on that promise," said Steve Meyer, Executive Vice President and Head of SEI's Investment Manager Services division. "Our innovative technologies and processes aren't developed just for the sake of innovation—they are undertaken with the goal of providing our clients with ways to better manage their businesses, become more competitive, and deliver a better experience to their investors. Serving our clients continues to be our number one focus." SEI provides a wide variety of services including fund accounting, administration, and investor servicing using best-in-class technology solutions. In addition, SEI provides a host of middle-office capabilities, including liquidity and collateral management, portfolio compliance and risk monitoring, and independent pricing and valuation validation. A key innovation is SEI's extensive application of workflow technology, which enables real-time approval processing and task management for increased transparency, automation, and audit capabilities.