Mutual Fund Reorganization Reinforces Commitment to Delivering Investment Diversification and FlexibilityOAKS, Pa., Sept. 3, 2025 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today 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 ...Full story available on Benzinga.com