As businesses go, SEI Corp. is in an enviable position: The Wayne, Pa.- based company has found a way to play all angles of the investment business. It supports bank trust departments on an outsourcing basis, designs and sells systems to banks and other organizations for use in supporting the management of investment funds, and runs its own investment management operation.

"We know the trust and banking businesses, and we know mutual funds," said chairman and chief executive Al West. "We're technologists; we're investment experts."

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