SEI launches multi-strategy alternative ETF following fund reorganization

SEI Investments Company (NASDAQ: SEIC) launched the SEI DBi Multi-Strategy Alternative ETF (NASDAQ: QALT) following the reorganization of the SIMT Liquid Alternative Fund to an ETF structure.

The ETF seeks long-term capital appreciation by replicating the return profile 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.

SEI will continue to manage the ETF, with Dynamic Beta Investments (DBi) serving as sub-advisor. DBi specializes in hedge fund replication strategies and has sub-advised SEI's suite of liquid alternative funds since 2015, including products in the United States, Ireland, and Canada.

The launch coincides with the approaching 10-year anniversary of the SEI Liquid Alternative Fund this November. As of June 30, 2025, SEI manages, advises, or administers approximately $1.7 trillion in assets.

"Advisors and investors are increasingly seeking differentiated sources of return, yet liquid alternative ETFs remain limited," said Robert Hum, Head of Investment Product Development and Activation at SEI.

Andrew Beer, Founder and Managing Member of DBi, stated the partnership aims to deliver "the diversification benefits of leading hedge funds with reasonable fees, daily liquidity, less downside risk, and full transparency."

The fund is distributed by SEI Investments Distribution Co., a wholly owned subsidiary of SEI Investments Company. SEI has been investing in alternatives since 2003.

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