SEI alters focus on global bond offering

Multi-manager group SEI has combined its US and European institutional bond funds to create a global bond offering. Available for pension funds, SEI has chosen two managers, Fischer Francis Trees & Watts and Alliance Capital Management, to run the merged portfolio, Global Bond Strategy. According to the group's research, global bond managers tend to concentrate on either directional, such as currency and country decisions, or more opportunistic, such as sector and issue decisions to generate outperformance. By combining the two approaches, SEI's global bond portfolio aims to offer i...