SEI® (NASDAQ: SEIC) has announced the launch of the SEI DBi Multi-Strategy Alternative ETF (NASDAQ:QALT) following the reorganization of the SIMT Liquid Alternative Fund to an ETF. As part of SEI’s growing lineup of ETFs, the SEI DBi Multi-Strategy Alternative ETF will adopt the same strategy as the mutual fund, now delivered in a cost-efficient and accessible structure. QALT seeks long-term capital appreciation by replicating the return profile (before taking into account the Fund’s fees and expenses) of a model portfolio of alternative strategies, which 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.
The ETF will continue to be managed by SEI and sub-advised by Dynamic Beta Investments (DBi), an asset manager specializing in hedge fund replication strategies. DBi combines rigorous research with a goal of delivering hedge fund-like returns with improved liquidity and lower fees, leveraging expertise in quantitative techniques. Since 2015, DBi has sub-advised SEI’s suite of liquid alternative funds, including products in the U.S., Ireland, and Canada. SEI has been investing in alternatives since 2003.
Commenting on the ETF launch, Robert Hum, Head of Investment Product Development and Activation at SEI, said:
“Advisors and investors are increasingly seeking differentiated sources of return, yet liquid alternative ETFs remain limited. This launch is a major step forward—not only in democratizing access to hedge-like strategies through the ETF structure, but in advancing our investment platform to deliver the exposures clients are actively asking for. We’re proud to partner with DBi, whose expertise we deeply respect, as we continue to expand access to sophisticated investment solutions.”
Andrew Beer, Founder and Managing Member of DBi, added:
“It has been our mission at DBi to develop the most effective ways to deliver the diversification benefits of leading hedge funds with reasonable fees, daily liquidity, less downside risk, and full transparency. The success of our strategic partnership with SEI has spanned nearly 10 years, providing differentiated investment opportunities for advisors and their clients. Our combined deep investment expertise and rigorous statistical analysis can enable enhanced portfolio outcomes.”
SEI and DBi will mark the 10-year anniversary of the SEI Liquid Alternative Fund this November. As an award-winning, UCITS-compliant multi-strategy hedge fund solution, the fund was designed to strengthen the risk-return profile of SEI’s institutional and private client multi-asset portfolios. Its decade-long track record reflects the strength of the SEI and DBi strategic partnership and a shared commitment to delivering long-term capital appreciation.
