OAKS, PA — SEI® (NASDAQ: SEIC) has launched the SEI DBi Multi-Strategy Alternative ETF (NASDAQ: QALT), converting its SIMT Liquid Alternative Fund into an exchange-traded fund designed to deliver hedge fund-style returns in a more cost-efficient and accessible structure.
The ETF maintains the same investment strategy as the former mutual fund, seeking long-term capital appreciation by replicating the return profile of a model portfolio of alternative strategies, primarily composed of hedge funds. Using a quantitative, rules-based approach, QALT dynamically allocates long and short positions across global equities, fixed income, and currency markets.
Managed by SEI and sub-advised by Dynamic Beta Investments (DBi), the ETF leverages DBi’s expertise in hedge fund replication strategies to offer investors the diversification benefits of hedge funds while improving liquidity, transparency, and fee efficiency. DBi has partnered with SEI since 2015, co-developing a suite of liquid alternative funds across the U.S., Ireland, and Canada.
“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. “This launch is a major step forward—not only in democratizing access to hedge-like strategies but also in advancing our investment platform to meet client demand.”
Andrew Beer, Founder and Managing Member of DBi, highlighted the firm’s mission to make hedge fund diversification more widely available. “Through our nearly 10-year partnership with SEI, we’ve focused on delivering hedge fund-like returns with daily liquidity, lower downside risk, and greater transparency—enabling better portfolio outcomes for advisors and their clients,” he said.
The launch comes as SEI and DBi approach the 10-year anniversary of the SEI Liquid Alternative Fund this November. The fund, recognized with multiple performance awards, was designed to strengthen the risk-return profile of institutional and private client portfolios, reflecting the firms’ long-standing collaboration and shared focus on long-term capital growth.
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